It is starting to seem to me that there is a genuine push to eliminate the Mortgage Interest Deduction.Here is that Article: Time to Eliminate the Mortgage Interest DeductionI anticipate that if the Mortgage Interest Deduction is taken away for Home Owners, then those investing in SFH will be vulnerable to a price correction.However, if Debt Financing is eliminated completely, including Corps/Partnerships/Sch E properties.... then the whole RE Market will take a dive.Just curious if anyone has been following this.

Once I had caught up with them I would anticipate for Thursday to come to listen to the new podcast....I listened to Rich Dad Poor Dad on audible while I was at work.

The "rehab" i anticipate would be nothing I could not afford leveraging my own lines of credits.

I agree with George, check with your lender they are all different.he only thing I would add is if the amount they anticipated for taxes is more than the county needs after the property is re-assessed, then I have heard of lenders lowering that portion of the monthly payment. 

With rents being anticipated to go up by (only) 14%, how does that raise the current 8 cap value of $220k all the way up to an 8 cap of $345k (more than 50% increase)?

I knew the numbers on the property (anticipated cash flow, income vs. expenses, purchase price, etc.), and I tried to apply the 30/50/50 split to it.

@Lesley ResnickI'll sound a different chorus than @Michael Noto.We have moved from a common laundry room to en-suite laundry in all five our <=6 unit buildings  We are even in negotiations on two larger buildings, one of which has laundry hookups in each unit - I've already negotiated 16 laundry sets for $15K on the anticipation we will close on this building.Our experience with a common laundry room and coin-op machines was:the capital outlay for the machines was 1.5+ times the cost of a high efficiency residential laundry set;landlord carries the utilities and, typically, the coin-op laundry brought in enough revenue to cover its operating costs;vandalism was greater with a common laundry room;convenience to the tenant is lower with a common laundry room.  

I'm in the initial growth stage of my portfolio, so I'm throwing every dollar that I can towards acquiring more property.I have the reserves to cover major expenses, but because I'm doing a pretty thorough rehab, I don't anticipate any major CapEx in the first 5 years.  

Originally posted by @Josh Rowley:I have several of these buildings and the tenants just use wifi.Jason may be anticipating the availability of gigabit Internet service, which is faster than any available wi-fi... running cables is the only way to get the full speed. 

You are only putting that percentage away if your business earns enough to put it away ... if you have a spell of higher than anticipated vacancy, your reserve set-aside may be diminished or foregone for a period.BTW:  Vacancy in our local market is running ~6% for 2-bdrm units and 3.6% for 3-bdrm units.