He has stated he is very interested in real estate and understands it is an excellent avenue for wealth.

Excellent info as always.

Excellent idea to drop one down on the floor in the laundry closet/ area to notify both the tenant and yourself that there is something that needs to be addressed.

As a parent I pray my kids do more and are wise of enough to excel further than me despite any hardship or hurdle that I may ever encounter.

." - @Adam G Excellent!

Another 4-unit for 130,000 (after repairs) and rent on those 2/1 apts is 850/month.You should look a little more or run the numbers in an excel spreadsheet (include insurance, maintenance fees, supplies/repair, property management fees, etc) and then based on those numbers plug in whatever offer price works a bit better and how the seller why you can only offer $xxx,xxx amount rather than the asking price. ..just an idea.

You DO need excellent accounting for those funds.

I love turnkeys and think they are excellent for new(er) investors.

Brett Cate thank you for the advice I will do just what you say and look into the leverage. working some kind of property management is an excellent idea!!

In the beginning, we were doing fine with Excel, but it's starting to get overwelming and I feel as though we are getting confused.