Value and rents should eventually increase to turn cashflow positive and build your wealth.You're next learning experience will be, now that you are out of day-to-day management, how will you be able to handle the inevitable expense challenges?

It's not necessarily that the value of your house is increasing.

At that time, i will have the knowledge and network to expand and build my portfolio at an increasing speed and then it will be part of my growing pains for my business.I will most likely have that CPA do my returns for the real estate and then have my Tax Accountant still do my Personal, helps with Checks and Balance and cost savings.Do you have cost segregation, or anything like that on any of your properties?  

Canton is not quite as bad, although they have increased annual fees and initial inspection requirements in the past few years that Akron never put in place. 

Richmond certainly would have some potential in pulling trades from, but coming from Lexington, you might face an added trip charge on top of the service provided.Over the past few years, rents have increased nationwide.

With a few tweaks to the management structure, and with new leadership, I figure we can greatly increase the revenue.

That then registers the property at a new “base rate” and your future rent increases all be “base rate” + Inflation as guided by the town.

Capitalized costs increase the basis and depreciation deductions over 27.5 years.

And during inflationary times, our rental rates increase.

Just sent them a rent increase notice every year.