I pay 4000 a year in taxes for a brand new single family home I can only collect 1100 a month on....4 months of rent to just cover property taxes,  insurance is another 4000k.... that's 8 months gone.  

I own and operate a STR nearby in a strong area (Morningside just off of E Warren).

Some lenders specialize in asset-based lending, considering rental income on Schedule E, especially if you have strong rental history.

I preached in “The Hands-Off Investor”, as well as on stage every year in my presentations at BPCON, that one of the strongest forms of “skin in the game” is “does the sponsor have a brand to protect?”  

I don't like brand new properties, since the first few years depreciation can be steep, similar to a new car.

Great property, perfect setup for a duplex with separate driveways, entrances, back patios w/ storage, brand new roof, plumbing, newer HVAC, appliances, flooring, etc.

The last few years I’ve seen it as pointless, as it was never a hard rule to be followed explicitly but a suggestion, and it seems like the only ones today who give it any credence are those brand new to REI and have heard it discussed on the older episodes of the podcasts or read about it in the books BP published 5+ years ago.

Closing tomorrow on a duplex e 128th, nobody knows about.

If you are brand new, drive around and make notes of just a few properties that might be looking to sell based on their upkeep.

Also, brand suggestions for quality?