Tenant goes month to month and on December 15th give notice that they plan to leave by March 31st, 2025.   

Earlier in your post you shared that your friend planned to pay the contractor invoice but at the end of your post you ask whether your friend should pay the invoice in full.....and this is after selling the property and presumably being recapitalized. 

That cycle of sourcing, assigning, and reinvesting has been a game changer for me too, and I completely agree—it’s the real estate cheat code most people overlook.Being able to create revenue while also creating opportunities for long-term wealth is the best part of this business, and it’s exactly how I plan to keep growing my portfolio.

Mortgage Balance: $430,000 Monthly Mortgage Payment: $3,100 Current Rent: $4,100/month (below market rate, planning to gradually adjust it during yearly renewal to eventually catch up to the market rate) Appraised Value: $900,000 (purchased for $657,000 8 yrs ago) Managed by a property manager Loan assumableProperty B: Located in VA.

Hi I am from Toronto, Canada and planning to buy investment property in the USA.

Then plan a date to actively start looking to buy.

How do you plan on getting the houses?

Plan is to buy just outside the most desirable area (downtown) in an up and coming neighborhood.

I would plan to long-term rent the property from day one and would never reside in the property before renting.  

If it’s 4 units you’d always want the residential loan with the 30 year fixed rate, especially if you plan to live there.