Also looking to network and create relationships with all of you who share my passion!

Working with a financial advisor to create a comprehensive retirement plan can help you make an informed decision based on your overall financial picture.Wishing you the best in your retirement planning journey!

Google creates a live spreadsheet with everyone's responses.

We don't receive requests like this from our other tenants (1-2 a year if that)  but we were wanting to create a sheet of things we don't cover after a move in.

💬 Engage with Each Other:Comment below with your favorite single-family success story.Share any challenges you've faced and how you overcame them.Tag a friend or colleague who might benefit from this discussion.Let's create a valuable resource for everyone interested in single-family investments!

The attorney can also then assist you with creating the following compliant with all federal, state and local laws:1) Rental Application2) Lease & Pet Addendum3) Renewal documents4) Nonpayment Warning Letters5) Eviction Letters & Notices6) Legal Entry Notices7) Security Deposit & Release of Liability Letters8) Vendor Contracts with insurance and other requirements9) MoveIn & MoveOut Procedures to Share with Tenants10) Etc.Hope this helps!

I have created a detailed DCF model to analyze the investment and have stumbled across a couple of questions that I hope you guys can help me answer.

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

I would rather create a new LLC to take title in and have it be taxed as a  partnership between my current LLC and the JV partner.

By the end of this venture he will be worth more than the 90% of all US individuals while living in Belize.