I'm going to be checking my BP more regularly.

I will assume somewhere in the lease it states that the tenant is responsible for a basic maintenance and upkeep of the property.

Transparency, regular communication, and clear milestones have been critical to making this successful.For those of you who are considering working with private lenders or want to improve your deal structure, I hope this gives you some food for thought.

I’d suggest you dig into the numbers, compare it to what a regular sale would give you, and talk to someone who specializes in this type of deal.

I regularly break down the latest market news so you and your clients can stay ahead of the game.Hope this helps—good luck!

.), but the bedrooms are regular keys, as @Jonathan C. mentioned for the front door, the unit is set up to send me an email when the batteries are low. i also have another student rental ( 8 rooms, 2 entry, 2 units + utility room) one master key and each bedroom has its own key that will get students in the entry, there unit, and there own bedroom. had a locksmith do that one. cost me a few hundred dollars with keying and supplying the locks ( 13 total ). i like both setups but may look into the landlord locks again for my 3rd student rental i just purchased.

The success of such investments depends heavily on local market conditions, and maintenance and upkeep costs can add up, especially as the property ages.

The DST is losing $ due to upkeep costs (foundation, HVAC, normal repairs, etc.).

If I leave this amount in Sch-E, I get taxed at ordinary income tax rate at Federal and State level, which along with my regular W2 income can be substantial.

It's easier for an investor to stay committed to the plan and avoid change orders than it is a regular homeowner.