I get that PPP is pre-payment penalties but the products I talked above would NOT have a PPP.

Whenever we're talking to new investors, the shorthand rule of thumb we share is the 50% Rule: that half of the rent will go to non-mortgage expenses, when averaged over time.

By systems I'm talking CRM: a way for you to manage your sales pipeline, moving new, organic leads from clickers to renters and past guests from one-time to recurring. 3.

You'd probably be talking about a portfolio loan.

In other words, you have indicated the total basis of the combined property was $75,000, so that means the basis of Property A is still $37,500, it was still placed in service in 2019, and it will continue to be depreciated over the remainder of its depreciable life.However, you have placed a new property in service in 2023, Property B.

I agree that the umbrella coverage is super important, and I always advocate this when talking to my buyers about insurance. 

We have talked about renting our current home and buying a new home.

This should be be a good enough list to get started researching and talking with.

Are you talking about buying properties off of the MLS to then resell? 

Continue to communicate with them what they are buying.