Just wanted to make what is the first of many posts and say hello to everyone :) If anyone has knowledge of multifamily investing in the New Orleans or Baton Rouge area (or is on a similar path), feel free to connect!

Other:  -Custom closets are always well received.

$40,000 x 25%(assuming a 25% interest rate on credit cards) = $10,000This is more than the annual cash-flow that you are getting from the rental.I would look at a way to paying off the credit card debt asap.Look to see if you can take a HELOC on the investment property(likely difficult).If you can't you may want to consider selling the proprety.You will also feel a lot of relief of not having credit card debt hanging over you.What is the interest rate on the car loan?

Feel free to send me a message.

If he feels he still has rights to the rental and the deposit, then that also means he has responsibilities for the damage and is subject to charges.

A borrower really needs to have at least some "skin in the game" to make lenders feel comfortable.

Please feel free to reach out.

Do some research into both areas to see which aligns best with your financial goals.Good luck, and feel free to reach out if you need more help!

Additionally, many deals tend to fly under the radar, so networking within organizations like NARPM (National Association of Residential Property Managers) can help uncover opportunities.If anyone reading this is considering selling their property management company in Texas, feel free to share—I’m genuinely interested in connecting.

Please feel free to reach out to me and my team if you would like to come up with a game plan and build your buy box.