Hi,People always talk about how they purchase a rental property, wait a few years for it to appreciate, do a cashout refi to recoup their initial down payment, then whatever they earn in the future is infinite return.But in reality, how is this truly a "recouping of initial investment" when you have to pay a 4.5% interest to take out the cashout proceeds (with $3000-4000 of closing costs on top)?

However, remain engaged, make aggressive offers, and be ready to act when those offers align with market reality.

I recently started using Buildium and am realizing I now need to run both systems in parallel and unable to sink my bank account transactions on Buildium but Quickbooks is fine.  

This may be how the new legislation was spun up in the media, but the reality will be different.

It's great you are wanting to invest and have investments BUT the reality is you have to make money to invest.

The short version: looks like it will cash flow on paper but in reality with repairs and potential tenant issues it won't, very affordable purchase prices (Indianapolis range is $120,000 to low $200,000 depending on the Class C area or distressed properties under $100,000, many times older homes with sewer line and foundation issues, stolen AC units (get a cage for the unit), Class C is volatile.

I’ve also included things like tubs, sinks, and other items that might need replacing.I’m focused on improving my ability to assess repairs.

Often the PM company has in house technicians who can complete work order requests for far less and in less time than the property owner who has to call the local plumber to resolve a leaking sink.

The reality is the writing is on the wall states are after NON licensed wholesaling assigning just is what it is.. the fact that you would make 50k on a 220k sale when a brokerage fee would be 15k.. thats 35k that is being taken from a seller who probably knows no better or has just been lied to by the wholesaler as to the real value.. and that is what the law makers and regulators are focused on..  

Do a good job interviewing them because sometimes Realtors will say they are investor friendly when in reality they are just using that as an advertising ploy.