Learned a lot on pricing out materials needed and on having the right machine for the job saves precious time and money. i had a back hoe ditching when i should of had a track hoe excavator, yes its more money but it would of saved lots of time

Does anyone remember podcast on Bigger Pockets where a woman was discussing buying is this, specifically ones where if the office had a fax machine in it, she knew it was ready to probably be handed off.

Now mind you this is all gathered from the neighborhood gossip machine, but the son that got left the house wants nothing to do with it and has no intentions of going back.

For a short period of time his dad invested in some bitcoin/litecoin mining hardware and he's been managing those machines.

That is your Tax-free Money Machine for Life.

The path to real estate mastery is paved with knowledge, and the best way to acquire it is by cracking open a good book (or firing up your e-reader!).

@David Zall yes, your city’s website so you can read everything about their regulations and policies for STRs, Airbnb so you can read their policies and procedures, listen to the STR success stories and VR machine podcasts.

It's literally what they do all day everyday and they've got lifts, stilts, taping machines, etc. to speed up the process. 

I have multiple rentals and in a short period of time, I had one eviction and clean up from that along with lost rent, another had the washing machine break.

That may sound pretty good...until you discover that their net worth is decreasing at a rate of $2 million per year, and they've got $100 mil of adjustable rate debt on a portfolio of D class properties that forces them to work 80+ hours per week just to keep the whole thing afloat...Investor B tells you "my net worth is $1 mil" --to many successful investors, that sounds like a relatively insignificant net worth...but, investor B owns a portfolio of A class properties with zero debt, professionally managed, their cashflow is $500k per year, their net worth is increasing at a rate of $1 mil per year, and they only have to work about 1-2 hours per week to keep their machine going.Personally, I'd MUCH rather be investor B than investor A (even though investor A's net worth is 10x of investor B's).So yeah, tracking net worth is advisable, but it's only a small part of what an investor should be tracking and modeling, and net worth alone might not be very indicative of an investor's success...An effective investor creates models to help them strategize, and those models inevitably include net worth, but they include a LOT more than just net worth (and as a result, they can be quite time-intensive to create)...but, the things that are most worth doing usually ain't easy...