They pressured us not to make loans to investors and, all the banks I worked for, were really tight on their investor lending to the point that they only did it for strong clients that might do a deal on the side.

I would recommend you make sure the company you guys choose for PM track all the maintenance costs that you guys spend money on 

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

Hi all,I have encountered a deal of a fourplex, with full occupancy.

I'm currently soaking up all of the knowledge I can and I'd love to make connections! 

I appreciate all of your help in advance.Thank you!

In fact, since the pandemic and inflation hit, the 2% Rule seems to have all but disappeared in all real estate discussions and been replaced with the “1% Rule” in this tighter market. 

I would agree with @Jay Thomas that all 3 cities and the other big cities in Texas are all experiencing growth in both urban and suburban areas. 

She rented them out, occasionally sold for the appreciation, and bought more ... and more, and more.Successful and happy by any standard, real estate enabled Abu to buy her own home and homes for all six kids.

It seems most, if not all, do require it unless you're looking for a corporate business card.