Then all of a sudden last week, 3 great deals came on!

Verifying last 2 years of rental history very important!

I know some who started their own gig in last three years but have been around for 30 and put a team around them with other experienced operating experience, thus I would invest with them 10/10 times than the person who graduated college five years ago and is already doing syndications.The next few years are gonna remind me of the scene from the big short when he is with the stripper and she is talking about her five homes.

We've installed several thousand square feet of Lifeproof shaddow hickory across our portfolio in Western MA and Central CT over the last few years and it has held up great.

Last month I closed 6 loans in the 7.2 - 7.5% range with no buy down, max LTV.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Lastly, I'm not on here to talk trash about WealthAbility and their so-called managers, but instead I am sharing my unedited honest experience in hopes of helping my BP community from committing the same $25k mistake I made.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

Complete remodel in last year fenced in back yard. 

Last thing I want is an audit.