hello everyone, i must say to all thanks for your honest opinions. after taking a serious look at my post for needing a mentor i guess i have to say i agree with all of you.theres just to much of me wanting something, but not willing to give in return (i honestly didn't know my post would come across like this, honestly)but anyway i guess the real reason why i needed a mentor was because i was just to scared to do it alone, but now i'm no longer scared so the whole need a mentor before i get started thing is no longer an issue. plus i've been building my team (like: lawyer, CPA, brokers, mortgage brokers and etc) and there all sort of like specialized mentors/advisor's anyway (and we all benefit from working with each other) plus i found out you have to find joy and happiness in the unknown, another words you have to enjoy the journey not just your final destination (your end dream), this will allow you to get out there and just learn as you go in anything you do.

Can you tell me about the benefits or risks involved.

The second letter refers to the first like "two weeks ago I sent you a letter", then I push more buttons, like buying the house as-is, etc..Third letter ends the sequence, recaps all the benefits and then says for them to keep the letter should they ever decide in the future they want to sell quickly and easily.

Remember to confirm that you can get insurance on it (lots of redlisted areas) and how bad the property taxes will be with no exemption.Forget the "benefits of leverage" angle.

it seems to me as though there are no real immediate benefits of buying property just to rent out.

So RE is so powerful because you get tremendous tax reduction benefits (depreciation, interest expenses, all operating expenses, and depreciate your capital improvements) all the while you've leveraged your investments, your tenants are paying your mortgage down for you, inflation is eating away at your mortgage, and you raise rents over time.

So my question is: Would you hold onto these two properties and possible benefit greatly in the upcoming years?

Benefits: Encourages long term tenants (who will lose all credits if they move and rent from another company) and ensures that YOU will get the sale (how many times have you had a tenant buy their first home elsewhere?).

Good MFHs are usually sold strictly on a cash flow basis, from one sophisticated investor to another, so real opportunities can be rarer.The benefits you list about having everything under one roof are correct.

You now have about $12K invested in the property, if you include closing costs on the loan.You rent the place for $1050/month, and assuming an 8.5% vacancy rate (a month a year) and expenses of 40% of net income (a little low, but okay since you just rehabbed), you should see the following returns:- $40,000 in total equity created from the property ($120K valuation minus $80K loan)- Year 1 Cash flow: $862- Year 1 Equity Accrual from Payments: $894- Cash-on-Cash Return: 7.43% (not including equity generated by rehab)- Total Return: 15.14% (not incl. rehab equity or tax benefits, which are investor dependent)- Total Return Including Equity Generated by Rehab: 347%If you choose to keep the property for longer than a year, your total return will obviously drop, but you're still receiving nearly $1000 a year in cash flow, $1000 a year in equity, and still have $40K in equity generated by the rehab.Rinse and repeat...