Rinse and repeat.Before you know it, you'll have LOTS of units, and you will have avoided taxes along the way, increasing your purchasing power with each subsequent step.

i have had that happen a few times and i now have a property management company. if i do a deal and it cant cover the 8% management fee then it is not worth doing. my time and headache is worth the money. also i strongly believe bad tenets look for for rent by owner signs ,because they know most owners can't vet good enough or act nice and let people slide. stick with professionals on this one, the same as laying tile and hanging sheetrock.

Here's a link to Owners Briefing Slides for anyone interested.

I did a quick sketchup for a friend of what their bedroom could look like, even designing a custom bracket for a flatscreen that would allow the barndoor to slide behind it: In any case, I look forward to learning more from you all and your craft.

Obviously, all things being equal, cash flow trumps appreciation, but there is a huge sliding scale between the two, and a host of conditions (many of which are personal) that you need to consider in making where the right balance is.

It is always on me.The other posters covered a lot of the basics so I will touch on some other tools I found I can not be without now. 12" sliding compound miter saw - I get a lot of use out of this and it handles a great variety.

Different Goals - The 3rd partner was only looking to invest under the condition that we would take the funds from the cash out refi on this deal and invest them into another subsequent partnership deal.

But it does give you what you will need to cover.Also, in MA, it is customary to use an Offer to Purchase, and move to a Purchase and Sale contract subsequent to execution of the offer.

The company I work for has developed good relationships with suppliers and subsequently the clients benefit from that relationship. 

v=pX6l8upgXMQ&list=U...Now all rough with AC and foundation repair has been done.. just awaiting inspect and down hill slide to finish.. the conversion process was a feat of mental engineering with the city.