@Michael Plante Many I know sell the home and land as a package or sell the home but rent out the land.

Beautiful kitchen w/island, granite counter, stainless appliance package, island & dining space.

While doable, it really makes things a pain when you decide to sell one of them out of the package in the future.

@Patrick Hill I think the marketing package or whatever you're looking at is suggesting the NOI is about $11k/month and then using their finance assumptions for a new loan that would be a payment of around $8k/month leaving you cashflow of $3k/month.

A "portfolio loan" is a loan which is serviced by the lender who issued the funds (i.e. held in their portfolio), rather than being packaged together with other loans and sold on the secondary market.

The new company will have some time to on board the new property, send a welcome package to the resident, and avoid rent payments going to the wrong company.  

Pretty much everyone I know in real estate regrets training packages they bought far more than any other indiscretion in their life.

@Brandon Phelps , by doing a 1031 you won't have a lot of time to identify properties, so If you want to run the business, you could get a package of properties that all together are valued at at least 1.2million, or buy one property at that price that will give you great cash flow.

If you’re interested to take a peek at my underwriting and current and future deal packages, feel free to PM me so we can block some time on my calendar and talk things over.

If you buy a pre-packaged product, you can't change any of it's processes, your stuck with it.