this is what we build and we do it with newbies but make sure you partner with a builder who has experience and a track record.

Keep learning and running the numbers—you're on the right track!

Hi BP, loan officer (broker) here.

This active income can help me fund my retirement as well as help me get reimbursement for home office and health care premium while lower my tax liability.

Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:A triplex in MaineA single-family rental in San AntonioA single-family primary residence in Las Cruces, NM, which will become a rental when we move in a few monthsFor context, I’m an active-duty Army officer with about 12 years left until retirement, and my wife works for a university in Boston.

This property is in shenandoah valley, so my plan is to findout from the local county office/health dept.

Reality is owners do NOT value/track their own time, but handymen and contractors start charging the moment they leave their home or office.

Not sure if you use a PM, but my software tracks the policies and lets me know automatically if there is a lapse in the renters policy, so that we can try and avoid this type of scenario.

Try to setup an appointment with them.Ask the top agents in your office if you could hold open houses for them. 

. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.