Hello everyone, I have a couple properties that I am looking at and my main set back is that they’re old builds, around early 1900’s.

@David Harley here's what i see:-Vacancy needs to be about 6-7%-Cap ex needs to be 4% minimum-Management needs to be 10%-Repairs need to be 10%-factor in utility bills, depending on who pays what-$812/m is a weird rent rate.

Over the long run you may find that your side hustle becomes your "main hustle".

This would factor in for your long term goals and your ability to only acquire a limited amount of properties in your own name. 

My mom cant work at least right now due to health issues.We have been renting a condo all the time but now since I know quite a bit of real estate I have been telling them that renting tnalthough it was convenient due to different factors it has also been a waste of money.

Hi all,Been on the house hunt this year for my first property, a duplex in Austin for a house hack.Obviously it is very difficult to find a cash flowing rental in Austin proper; but, we're not really interested in moving out too far from the center of town, for lifestyle reasons.Looking at one potential property, and it looks like, factoring in net rent from one half  of the duplex, property would 'cash flow'  -$2000/mo (FHA loan, 3.5% down). 

Some of the renovations might qualify for bonus depreciation thus increasing your losses.You can have a main LLC who manages the properties to take advantage of the strategies but you might not need to do that this year since you are having losses anyways, something to consider for January 2019 and you want to consult with an attorney for the legal aspect of it.

Also, the association controls finances, insurance and many other things, a friend of mine has a condo in a unit mainly controlled by Canadians that are seasonal, in their infinite wisdom they decided to not maintain flood insurance for the development (they are in a flood zone)  now the units are unfinanceable , so the values are lower because only cash buyers can buy in the building.

Hi @Stephanie Trevizo - what do you factor in for vacancy in LA when running numbers on a deal?

I'm an investor from Maine who is beginning to source deals in Pittsburgh and surrounding boroughs.