5️⃣ Energy-Efficient Upgrades: Solar panels = tax credits!

I read the RDPD books, which I thought were OK, and I played the Cashflow board game about 50 times (mostly Cashflow 101) over a 4-year period back in the 2000s.

@Tanya Maslach Since it sounds like you're not really using a property manager - connect with whoever helped you purchase the property to see if they know of a leasing agent or showing agent that you could reach out to help hold the property open to tour at least once to twice a week for an 1-2 hour period on weekends. 

I am committed to doing EVERY exercise period!

Part of the premise of hiring a manager is that they will manage repairs, including efficiency of repairs.Anyone can pick up a phone and throw unlimited amounts of money at a vague reported problem.

Would be much more efficient. 

My advice would be to focus on networking with experienced investors, contractors, and lenders in your area, as building a strong team is key to scaling efficiently. 5 -10 properties is a great goal!

However, I’d add that real estate is already tax efficient, so it does not make the most sense to put this in a self directed IRA.

Just like our BANKERS validate and question our deal analysis, you need to be the BANKER.Majority of the Syndication failures going on right now are due to either Short-term financing used on longer term projects- in a period of extreme interest rate hikes, material Inflation, or Covid related supply chain or personnel issues.You as the BANKER, know that all of the above should have been covered by the Syndicator and by you the BANKER. 

-your first few years after a purchase are typically a stabilization period, and you IN-vesting your money into the property. think about how long it will take to recoup all the costs i just mentioned.