So it's more of a case by case basis and assessing the condition of each component rather than a general rule of thumb of always replacing no matter what.

There are separate fee structures for each component (taxes/bookkeeping and legal), and you pay a fee up front and then a monthly retainer.

That being said, I do feel strongly that we should have an asset based qualification component and not just income, for the same reasons you've cited.

This allows rehab items to be easily broken down when walking through a home and tallied up.Output Tab:- Individual Components for 5 scenarios are summarized.

But if it can, I think in 5 to 6 years it will be a major component of every real estate investor's portfolio.Looking to collaborate and share with other investors who are doing due diligence on real estate crowdfunding deals.Thanks,

The main and largest component of the total income for a property is the rental income.

I probably value my time to much tbh.Fourth My Relationships the sum is greater then individual parts I couldn't be where I am at 23 with out my mentors and friends that have lifted me up along the way.Fifth My Knowledge Its one of two things no one can take from me and can recreate the success I may lose in the future.I believe that the last three are the most basic components to building real wealth but with out the first two there is no reason to push and grow all success would fill dead and hollow.Your turn guys!

As for the other components, they will all be new to only a couple of years old, so that is why I have low expenses for them.

By that I mean that once the components of the property near their life expectancy then it becomes a major expense.

. - if there is a new (additional) tenant they would have to go through new applicant screening2. provide notice to vacate Looking for see if i am missing any component of the next steps in this very delicate situation.