Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

Hopefully after a capital event (either refi or disposition) you can build your portfolio on your own.

If it’s a concern, check out sites like CrimeReports, where you can see what types of crime (assault, theft, etc.) have occurred near an address.

@Zachary SmithYes a p&L from 3 years ago is dated.The nonconforming issue - you should ask the city/municipality if once a home is moved out (or other changes occur) can you bring in a new home.

You will always be held liable in the event of an accident.

The HELOC can act as a safety net, in the event we go over budget or find something we don't anticipate in our renovation.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

Those losses do not go away, but they become suspended to be used to offset future passive income and sales/capital events like this in the future.

I do not think the voters that voted for this are smart enough to realize that the this rent control will lead to no new multi family construction, minimal maintenance occurring leading to plighted areas, and a significant reduction if rental housing stock.If the voters are so ignorant that they ignore the experts/economists, then they get what they asked for even if what they asked for is not what they were expecting.If you have rentals in St Paul, I would be looking to sell. 

If you haven't already, I highly recommend joing an REI meet-up/networking event.