This means that your ongoing expenses as a landlord will be lower, which can help to boost your profits over time.4.

This advice could get the LL sued as I know of no jurisdiction where it is legal to charge the tenant for normal wear and tear.It is also why there is an anti-LL sentiment and terms like slumlord.Terrible advice because it is illegal, but it is also morally wrong. 

@Ashley Morales I am familiar with ********** which is an auction site for govt agencies surplus vehicles, equipment, materials, etc.

To maximize your property's potential, consider these creative solutions: Partner with a private lender for a cash-out refinance, then rent it as a furnished short-term rental to boost income while paying down your mortgage.

Many brokers will not do this as the want to boost the NOI but the banks will take this off your NOI when they underwrite the deal as it is part of the expense of operating a property.

Though not completely off the table, a severe recession is unlikely.Based on the strong job data, stable weekly unemployment claims, and high household cash balances, there are no signs of a recession at this time.In the (unlikely) event of a severe recession, the Fed will cut rates, which helps to boost home prices.Severe Unknown UnknownsNo one predicted the impact of COVID until it was upon us.

But learning how to get loans approved by getting all the numbers lined up will greatly impact me - such as making sure Debt-to-income is okay, learning how to boost credit scores, the simple fact that business credit cards don't report on one's personal credit report (except the initial inquiry) unless its in default, which then can incredibly effect Debt-to-income because no other creditor will know I have $10,000 of debt on a home depot commercial card, and more.

That's going to help keep my moral up after my first deal. 

I expect year one to show a small profit, and some management efficiencies and marketing should boost that next year.

In the Denver area, which is both a vacation destination and a residential hub, investors have the unique opportunity to combine these strategies to boost their cash flow in their own city.While it typically requires a bit more work than a long-term rental, house hacking with a STR in Denver allows you to live where you want and maximize your return while living there.