Last year, which was not a good year, I grossed just under $20k and I used the property about 3 months total doing some rehab and improvements; if I had rented out during that time I would have made another maybe 7-9 grand so let's call it 30 grand gross.

We bought our first property by cashing out what money we had left from our 401k, took the penalty hit, and made the down payment.

A deed transferring the property's title to the LLC is usually executed in order to do this.

If you had told them upon moving in that the HVAC was scheduled to be replaced and that a new fridge was back ordered and would be delivered soon they wouldn't have mad that correlation.

Purchase price: $220,000 Cash invested: $50,000 Duplex with large basement unit What made you interested in investing in this type of deal?

Purchase price: $252,000 Cash invested: $65,000 PP 252k5/5@ 5.75%Rehab cost- 20kARV 350k-370k What made you interested in investing in this type of deal?

They came in at $500,000 on a building I know is worth at least $800,000 on the market given its location, condition, and the improvements I have made since I bought it.

Nice part about SMR is they accept money orders (which we know many MHP tenants like).Never collect rent in person.  

Purchase price: $531,000 1st home What made you interested in investing in this type of deal?

Alternatively, a lot of investors have found success in self-managing their rental properties as a way to cut down on their management expenses.In order to decide what option is best for your portfolio, let’s take a look at all the landlord duties you will be taking on if you self-manage or that you could pay a property manager to handle.