We will have lots of renovations and additions to do over the years, so I'm worried that it will be hard to save up for more rental properties.Any suggestions?

DM us if you'd like more info on the Detroit market - which increased another 20% in 2024!

Hey fantastic info.

Also, be sure to check with the section 8 agency managing the tenants - sometimes if you pass on an additional cost like that they will no longer be eligible to live there if the rent and utilities exceed what they were approved for.

I don't have the 10% for the down but thinking of using a HELOC to get the money and then add it into the calculator.

I have a few PM companies I work with in the Phoenix area, I don't know if they all do the admin fee but I can help you find out that info if you are interested in chatting with them.

Additionally, since my parents are nearing the retirement age, I'd like to prioritize low-debt, high-cashflow deals.

I’ve always believed that every regulation away from a completely free market leads to reactions that require additional legislation to solve, that again creates additional problems.

Typically these people are really forthcoming with info and can tell you.

You don’t want your lender to go out of business while still holding your construction escrow funds.Can you provide me with the contact info of some recent borrowers?