If you're counting mortgage principal as expense that is actually part of your profit.

Long-story short, we don’t “need” the clients, and the clients don’t “need” us, but we have found there is a strong value provided to clients who do decide to work with us and want to avoid a lot of those early on trial and error pains and expenses.

PMI is not very expensive and you can re-finance out of it.

Email is the easiest way to do it and it is overwhelming sometimes but it is the best option, no other alternatives.

My problem is trying to save enough money for the downpayment on the next property, since living expenses hold me back from saving as much as possible.

So, it becomes a much more palatable transaction with a ton of upside.He sent me the rent rolls and all the expenses, all rents are at market rate or slightly under but all units have so much growth to have with updating outside/reno bath/kitchens.

Again, Especially if they’re using a PM and get a pretty little report of all the income/expenses and a 1099.

However, it is likely that I will want to use my commissions to fund repairs, use as a down payment, or even cover expenses on these investment properties.

We may be buying and completely gutted house soon and hope the things I want inspected (basement walls bowing, sewer pipes, and basement floor) don’t turn out to be too expensive to fix everything should turn out pretty good for that property as long as comps support it.

Then, run your numbers on the potential STR income - what are your expenses going to be (they will be more), and what is your projected income based on looking at competition in your area on the sites?