You might also consider maintaining a certain level of cash reserves to handle maintenance/capex as needed.The general point the author is emphasizing is that to reap the benefits of compounding you must reallocate your cash flows into the same or other cash flowing investments rather than spending them on discretionary expenses.

There's a high chance that the tenant has abandoned the unit.

-Think about what asset class you want to go into as well, whether you are doing a short-term rental, mid-term rental, or long-term rental, you can also use up 75% of the rent income from the separate unit if you do decide to go into multifamily, this could make it easier to qualify for a small multifamily property.

I have a long-term rental in STN MTN (Stone Mountain) GA, and have a one year lease with a section 8 tenant and content with the cash flow, however, I can make more if the basement gets converted to a separate unit.

I would try to get more units if it were me, however if a deal is desirable and its a duplex I would run with that.

Good (but few) opportunities are popping up given the current interest rate levels

Zip experience in NJ but vast experience in developing / building condos have done 4 projects totaling nearly 500 units.

It is a tear down opportunity.asking Price : 400ksqft: 2,954Built in: 1948Arv: 775k to 880k I would study the area more and push something more high density like condos or a 4 unit and lower the risk through multifamily density and rezoning.

.- Added: new roofing for around 15k in 2019-20 and added a 2nd laundry (washer dryer) so each unit has its own.- Value adds for new buyer: Potential to make front garage usable (current is very narrow), make backyard nicer, finish off basement and make it livableQuestions: 1) From tax purposes, what EXACT tax would be on the 315k capital gains?

Investment Info:Small multi-family (2-4 units) buy & hold investment.