New loan pays off old loans.

Also, off-market opportunities can be a great way to find deals that fit specific investment strategies.

Quote from @Scott Hansen: @James Hamling, what would your recommendation be for a strap-on-the-flak-jacket off-Broadway duplex?

That said, I live in Texas, and I have found that the property taxes and insurance are prohibitively high to make a short term rental work here.

For example, I have a duplex that I tried to sell off market through Facebook Groups.

It is a HUGE bummer as an agent to write up an offer to go to a junk property (happened to me last week) to end up pulling out.

Using Zelle, CashApp, etc. makes your taxes harder and it's all not in a system.I agree, EXCEPT for the automatic payments.

For example, what is the monthly revenue for the property and what are the "All In" expenses, including mortgage, taxes, insurance, utilities, repairs, etc...

Also listen to them if it is difficult to get financing...they're telling you that your math may be off.

Additionally, the property includes an outdoor swimming pool.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.