Quote from @Carlos Ptriawan: Quote from @James Hamling: Quote from @Carlos Ptriawan: Quote from @James Hamling: Quote from @Carlos Ptriawan: Quote from @James Hamling: Quote from @Carlos Ptriawan: Quote from @Scott Trench:So there is a lot of incentive from some big long established entities in both syndication and banking/finance to just sit back, let others over-leverage and drive thing's bust, because picking up the ashes is more like picking up the gold.

I've seen investors allocate 5-10% for capital expenditures (capex) and vacancy, but you won't have a clear understanding until you've owned the property for a few years and established a track record.

@Paul BogardTo rent out multiple bedrooms in Philadelphia, understand zoning regulations, consult a knowledgeable real estate agent, hire a property manager, and consider multi-unit properties, student housing, and co-living spaces.

I’d search out an established local operator and pay them to operate it.

Establish a Charitable Remainder Trust (CRT): By placing the property into a CRT, you can receive a charitable deduction, defer capital gains taxes, and receive income from the trust.

Check local short-term rental regulations.3. 

Establish an operating agreement for each LLC.

A $200,000 duplex might have identical rents in municipality “A” and municipality “B” but the property tax rates will vary, local regulations will dictate licensing requirements, labor rates will vary & the particular location will dictate insurance premiums since insurance carriers will weigh local replacement costs and whether the municipality is viewed as being a “plaintiff friendly” in arriving at insurance premiums.Better situated assets will attract better tenants.

If a student loan is in repayment, or scheduled to begin within 12 months from the date of VA loan closing, the lender must consider the anticipated monthly obligation in the loan analysis and utilize the payment established by calculating each loan at a rate of five percent of the outstanding balance divided by 12 months.

Many banks have been sitting on 2nd liens for awhile now due to compliance, regulations, and other third party risks.