@Roy Kinzer Rent control in NJ can be a tough pill to swallow and unfortunately has caused many of my deals to fall apart quickly once buyers/future landlords realize how strict the controls can be.

We plug in $10,000 as the present value, 0 as the future value (at the end of the 36 months all the money you’re going to get has been returned so there is no longer any value to the investment), 320 as the monthly payment, and 36 as the number of payment.  

It’s a great reminder to trust your own due diligence and not let others make critical decisions for you, like hiring a property manager.For future investments, building a trusted team and maintaining direct oversight is key, even with remote deals.

That level of diligence isn't possible with human effort or even traditional data processing techniques.I would like to expand to investors in the future but this technology is very new. got it also commerical Brokers I suspect would be a target for you.. 

That's being highly weighted through owning debt and generating alpha through gold, alt allocations, little US equities, and little emerging mkt equities.$1mil and getting 75% return on it to get net $40k/monthly, that'd be quite the feat.

@Jordyn Ohs pay off/down your Heloc aggressively and/or look into DSCR loans for future acquisitions.

I’m a 41-year-old father of six who loves the Lord and is driven by a desire to build a better future for my family through real estate.I own a small tile installation business, am a certified insurance agent, and am currently in the process of obtaining my real estate license.

Next, plan on inspecting your properties every 90 days; you can communicate this to the tenant as you ensuring the property is in good order and to help you plan for repairs/future improvements. 

Good luck with all your future REI ventures!

I use Eric Kloth out of Redding and he is stuck with us for this and our future home buying needs.