., CoStar, Yardi) - these cost 10-20k a year and again this is not in scope or access of LPs.Verify past performance metrics (walk past assets and secret shop their staff at assets) rather than relying solely on marketing materials.Visit comparable properties physically to validate rent assumptions.

$60k initial estimate, 71k final costs.

I've seen situations where people tried to cut corners with cheaper software or DIY options, only to face costly IRS issues later.

Hey Chris,Yep that is pretty standard to do, feel free to reach out if we might be able to help.

I would avoid the city at all costs but the areas around Newark are very lucrative for rentals.

I am worried that my property expenses will leave me in the red because of the current costly housing market.

I've thought about property mgmt. but I'm having a problem deciding on whether or not giving up 10% of gross income to cover the cost of mgmt. is worth more than convenience of improving the proximity of another location closer to my primary and easier to continue managing myself.  

I completed Form 8824 in TurboTax as a combined transaction.From my understanding, this transaction is tax-free, and the gain is deferred.

Either way, feel free to reach out!

So the question is have you guys ever used a hard money lender before do you recommend it or just figure out how to get the cash yourself or find properties that can go for conventional if the seller even considers it I own a contracting company and a moving/junk company so our projects I know for a fact I can do at a fraction of the cost as most investors but still I’m getting out bid to no end where I can’t see the money at all I’m not sure what there seeing but that’s a whole other story Anyways would love to hear from you guys if you used hard money lenders before and what to be careful with I’m just trying to see all my options Thank you in advance