Has anyone identified a creative way to get residents of properties purchased at foreclosure to leave on their own without having to pay Cash for Keys or bearing the cost of evictions?

@Ray Dixon, most of my clients and experienced investors have at least $5k set aside for each property as a reserve fund.

.- Purchase price: $250k- Sale price: $350k- Depreciation: $9k => Roughly ( ($250k*.50)/27.5yrs) *2yrs)- 2023 marginal bracket: 32%What is the proper taxation?

Hey Jacob,I’m relatively new to purchasing for the purpose of investing but have had an STR before that I sold regrettably.

I agree with @Michael Plaks that the pricing should be discussed prior to the start of the engagement.My firm does not like the hourly invoice method because I find it can potentially cause anxiety to clients who may not know the final price.if you were a nice client and paid an hourly fee, maybe there was a lot of time towards 'setting' you up as a client(inputting your properties, prior year carryforwards, depreciation schedule, etc) which won't be a cost for you going forward.Best of luck.

I am proud to have achieved Super host status on Airbnb for the past year and have received hundreds of positive reviews across various platforms and through word of mouth.Key highlights of my rental operation:Vetting Process: I ensure all clients are thoroughly vetted, maintaining a strict no-party policy to protect property integrity and community peace.Strong Relationships: I am respected by the Landlord Management Team, consistently ensuring both the clients and the management are satisfied.Operational Expertise: Leveraging my operational experience from my time in the United States Army, O&G Manager and as a seasoned operator in the Houston bar scene, I run a smooth and efficient rental operation.I am now looking to acquire additional properties in the Houston area to expand my rental portfolio.

Granted MFH are more common in rougher parts of central jersey and my purchasing power can't acquire me something in North Jersey here homes are much more desirable when it comes to appreciation and schools and safety.

Purchase price: $250,000 Cash invested: $5,000 This was a property my wife and I purchased to live in while fixing it up with the idea of renting it out.

During this time, I've gained valuable insights and experience, and I'm eager to expand my rental property portfolio.I currently own one rental property from my first house purchase.

Is your all-in budget $130K, meaning purchase/rehab/holding/closing costs all must fall within that number?