There are many benefits to carrying a mortgage.

Alternatively you could use Section 179 expensing here as well, but the expensing can't create a loss for the rental and may be carried forward.

Basic services like garbage collection don’t qualify.Material participation: Owners must pass one of the seven material participation tests, such as:You spend more than 500 hours working in your short-term rental business.You carry out all the necessary tasks to run the business yourself.You work more than 100 hours in the business, and no one else contributes more time than you do (this is often considered the best and easiest test to meet).

Yes, I can take cash out and try to invest in higher return projects, a sort of carry trade, but the reality is that increasing return on equity generally involves more risk. 

@Beth Anderson always work backwards to determine a purchase price.ARV minus profit/equity minus Rehab+10-20% minus carrying costs = purchase offerThis is a simplified example, but demonstrates the concept.

People laughed at you if you mentioned creative financing during the run up, but now, we are seeing more master lease and seller carry backs.We've been using community banks, stabilizing then refinancing to agency.

I promise it beats trusting social media gods.Investor list nurturing requires consistent communication.

No matter how good it looks, anything can happen at the last minute.That’s why you’ve always got to keep hustling, keep your pipeline full, and never count on just one deal to carry you through.

MFH carries all of the emotional issues and local governance that tends to favor tenants over landlords because you're dealing with "people's homes", not an investment property.

Sober living facilities can carry a higher insurance cost plus riders due to liability and likelihood of predictable behavioral issues.