However, it’s a gamble.

The other 1% are constantly reviewed by licensed Realtors, large wholesalers spending $20,000 monthly for marketing, numerous platforms and services selling leads, fix n flippers, syndicators, investment funds,  and “opportunistic” buyers such as myself with millions of dollars in cash to close any discounted deal in less than 48 hours, if need be.  

I'm one year into being a landlord, and I loved it for about the first six months--in spite of numerous challenges.

I'm not saying it always turns out bad, but there are numerous issues that can arise that are not worth the arrangement.

Ive been to HPD Section 8 office numerous times in person telling them all the incidents and all they seem to do is defer me to housing court. 

@Taylor Chiu  I currently work in the healthcare field and did home health for a while and saw patients in numerous ALF's in SFR here in california. 

If you're applying for a Conventional/FHA/VA/ or USDA loan, then they will do a "global cash flow" where they take into account your PITI (Principal + Interest + Taxes + Insurance (hazard and flood) on all properties (second mortgages included), HOA payments, car payments, student loan payments, credit card payments, and installment loan payments in the numerator and your gross income in the denominator.

Tenants are a gamble and so is court but you have a 5 year tenant that paid during covid when courts were closed so I’d give that some credit.  

You seem to have a lot of competition in your field, but you keep plugging along.I've bought numerous homes on the private market, and I wouldn't have it any other way.

I keep hearing how people are cost segregating, but I have pushed my accountant numerous times on this and he just saying that if we did the cost seg, all of that depreciation would just go into a reserve that would then be applied when we sell the home.