The rental game is funny in that you want to responsible enough to always make rent, but not successful enough to easily afford buying a house.

It'll add about 80k to the cost but is a much cheaper option that tying up square footage for an indoor pool and dealing with the risk of moisture and mold issues.

I should have the law on my side to evict the tenant since the eviction moratorium due to covid hardship (cannot make rent payments) doesn't apply if they violate any conditions of the residential lease agreement (like altering the property, changing locks without owner's written permission, adding a pet, etc.).

I would also keep in mind that very often it is not so much the decision itself but the decision maker that determines the success of a course of action.

i invest via 50/50 partnerships. i find/coordinate/manage the deal, and my partner brings the capital to the deal & approves large expenses. on their end, it's just about as hands-off as investing in a syndication, but they get to be one of just two main 50/50 decision-makers. and when there are just two parties involved in a deal like this, vs it being diluted across tons of investors, i find it's also possible for the capital partner to see much higher returns. when it comes to teaming up in real estate i'm much more relationship-based and less transactional. i'd rather do fewer very high-quality, carefully selected deals, each with just one capital partner, so that i can really serve that person's best interests and get us amazing results, vs. doing a bunch of diluted deals. i also feel a lot of syndicators out there are newer to the game, lack experience, haven't used their own money enough, and don't use their investors' dollars with enough caution. it gives the high quality syndicators a bad name.

:)The only beef I have with your post is that you are already assuming their is going to be beef between tenants and you are going to have to play peace maker.

Trouble makers aren't generally renting expensive homes in resort areas.  

At the end of the day, a lot of people are not buying based on the long-term fundamentals that used to make real estate a great investment 15-20-40 yrs ago.  

The projects discussed on this string are from a previous company called Financial Attunement, where Neal was a junior partner, and a senior partner was CEO of that company and primary decision-maker.

Hi BP, i’m curious if anyone has moved an electrical meter without upgrading service. i recently upgraded a meter and was forced to move it to a new location however now i can’t pass inspection because the service enters the building before the meter (only good route to get to new meter was indoors) i really want to avoid a new electrical drophas anyone found a way to enter the building before metering?