While you can save huge dollars by increasing the deductible just a single percent, the downside can lead to catastrophic cash shortfalls in the event of a loss. 

In many cases the mortgage company writes off the loss or goes after borrower depending on if they have other assets - if they do then they are gonna be coming after the owner

. $550  / mth * 8 unit = $4,400 * 12 mths = $ 52,800 GRI  ****not $53,800****The formula for CAP = NOI/PriceNOI = [GRI - V&C loss + OI] - EXP  *****You did not subtract for expenses to arrive at NOI nor include a vacancy and collection factor****Assuming expenses are 50% and 100% occupancy (which 100% occ is not realistic all the time).

Sometimes that job loss is the impetus to go full time a little earlier and it works.

The benefit of the LLC is that it can help you avoid losses spilling over from one property to another or your personal finances.

You as the host take the risk in loss income by not adding extra rooms.

If it takes 6 months to a year to build, that's tons of loss opportunity costs and carrying costs spent. 3.

Spell out the complete agreement of how expenses, profits (or losses), and other responsibilities are to be split—put everything in writing.Do a background check on the partner to confirm there are no outstanding liens, judgments, or active lawsuits against them.Hope these suggestions help.

You bought this for 720k, then put in 463k, and are selling it at a huge loss for 751k?

You’ll also want the last 12-24 months of profit and loss statements and bank statements to verify income and expenses.