(*Meaning reduction to your tax bracket, which may offset - cash flow).

They do not know the entire story, so the rates and terms offered are just simply teaser rates to make you interact with them.

Purchase price: $594,000 Cash invested: $153,000 Closed on my first investment property,A single family residence of 3000sqft ( +another 800sqft unfinished basement) on a 0.25 Acre lot.

A good rule - as long as the plumbing and electric has been updated, a well-built home from the mid-20th century is a better investment and will likely outlast a newer build.Credit to the respective author

Multiple times projects took so long to get started or to get an appropriate bid, I ended up having to handle it myself (ie. roof replacement, unit turns, etc.) 

Would be smaller in scale, less residents per caregiver (better quality of care), and less headache in terms of turnover (would not be considered an eviction). 

As long as you are clear with the agent they will help get you in the right policy.

Purchase price: $80,000 Cash invested: $25,000 I helped my father-in law convert his LTR to a STR recently (he's owned it for forever, but we wanted to see if we could increase the revenue by switching strategies and updating it).

We're diligently preparing these lots, anticipating a market rebound.Navigating through this unusual market has been tough, but I am confident that the experience and perseverance will pay dividends in the long run

I haven't fully been setup yet as I have cash but I will be taking out a HELOC to get the rest of the job done.