We don't have a lease renewal fee at our property management company, and we're already doing inspections throughout the year, so we do not do a specific inspection during a lease renewal unless we have an area of concern @Ann B.Before offering a lease renewal it's critical to do market research to make sure your rent increase is on par for the market.

The most effective way to determine the time needed to execute these functions is to run a critical path analysis that lays the tasks out along with the parties that will be employed to do them and the processing time needed for the consultants you will engage and the city/town/county process they will be subjected to.The critical path will inform you as to which due diligence functions are sequential in nature and or which ones can or should be run in tandem.

You are going to put 3.5% down, and then no one talks about the part where you have to create 21.5% more equity to refinance out of FHA into Conventional so that you can use FHA again and not get stuck.The exit strategy is critically important, before you even ink that purchase contract. 

For those of you that have, was it critical to getting your rei career started?

Hint, FICO score is not the critical factor.

@Stephen Brown That is a very good point you mention about there being demand within submarkets, so that's where having that local knowledge becomes so critical.

Again, it needs to be evaluated one-on-one before we know whether cost seg helps your parents.One critical distinction is that they bought a short-term, as opposed to a long-term, rental.

I like to use the top down approach sometimes if it's not critical to have it rented asap.

The after-setup support of such tools is much more critical to ongoing success and IRS compliance, and working with a firm that really knows this field and has tax, legal and real estate investing expertise may look like it costs more, but will actually save you a lot - potentially the tax-sheltered status of your retirement plan.It is unfortunate that Mr.

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.