Every 3-4 years, that’s another $1M to cash out, tax-free, IF you want to scale your biz further.Lastly, which other markets out there that can offer an almost guarantee annual rent growth year in and year out like our Bay Area markets?

Basics of the partnership:- All the properties will be in my name (I have the high credit & W2 income)- I will be investing $25-50k per year of my own funds into the business to buy more property- My father is in an all cash business so the idea is he will be getting his money in via renovations and ongoing maintenance/CapEx - I will be responsible for all the "white collar" tasks and hold ultimate decision making ability as everything is in my name- He will be responsible for "blue collar" tasks; finding properties, coordinating with contractors, etc..Our goal is to build cashflow for a 10 year period before we would every need to start "taking" the cash flow out of the business.

http://eyeonhousing.org/…/building-material-price-growth-s…/ New construction sales for 12/2019: 694K vs. 728K expected (annualized numbers).

Of course high cash flow is good but from what I have been reading and the upward trends in the Houston population and job growth the SFH is starting to be very appealing for long term appreciation.

the clock is ticking on having to permanently remove the tanks. there are other issues but these are some of the more important diligence tasks.

I will take the old growth redwood, full dimension lumber that is 100 years old sitting under my house but looks as dry and good as the day it came out of the mill yard over pressure treated new growth any day.

This approach focuses mostly on gradual, persistent predictable, solid growth of the investment over time and is what makes many people wealthy in real estate. 

In each market I would look for:Job growthUnemployment rateEconomic growthMarket stabilityPurchase price to rent ratios To add to this list:Crime dataInventory levels and average days on market per asset classPopulation growth/migrationSchool rankings

It's a straight line (in the real world, data is messy), where it should be more of an exponential growth rate based on historical rates.3.

Hi there - great thread :-).Here are my top books:Mindset by Carol Dweck - teaches to foster a growth mindset and that the pursuit itself of a skill or goal versus the end result and the embrace of failure on the journey is far more beneficial than to never try at all.The Slight Edge by Jeff Olson - the importance of small daily actions will lead to big results overtime.