And making sure that each time they stay in it they have some projects they can work on (painting a room or fixing the automatic sprinkler system etc).

4 - Understand that all three of the above knowledge bases must work together as a single system, with each or the three depending on the other two for their true success. 

Properties under 100K are high risk singles or doubles in tough areas.It’s important you understand what areas you are getting into and what the risk is on each property.I have seen a ton of investors chase what we call “paper returns”They look great on a spreadsheet but reality can be painfully different.Location is the first most important category, asset condition is second, returns are third.You have to have a grading system and an analysis system in place to find a great property.

You'll probably need to focus on having an effective training program, lead generating system, as well as an opportunity to be mentored or coached.

That is kind of low on an old house in Worcester unless this is in great shape and has a lot of updated systems.6.

Working with cities during Covid is hard, so be understanding with people, BUT DON'T just "trust the system".

Working with cities during Covid is hard, so be understanding with people, BUT DON'T just "trust the system".

You can hire a property manager he ca. set you up in his system as 25% owners and you all get a draw equal to your portion of the net proceeds.

I spent a lot on improvements on a rental this year (hvac system, new flooring) that usually I would have captured on my tax return but I’m worried that the lower AGI is going to affect how much I qualify for for the new house.

However, if you are already doing extensive work, you may want to to already plan for it such as doing the ductwork or figuring out how ductless could provide a solution.