In that case, you’re living for $2,000 a month—while building equity in the home, benefiting from potential appreciation, and taking advantage of valuable tax write-offs!

@Ryan Johnston If your rental is costing you $75–$150 per month, weigh the long-term appreciation potential against the ongoing losses.

I think too many people get into this and struggle for too long before realizing that they not been properly trained and potentially could have dramatically shortened the learning curve.   

So we don't even have an approved inspection much less a lease with this potential tenant.

A Solo 401(k) may be advantageous for self-employed individuals, offering the potential for participant loans, higher contributions, and no custodian fees, as well as higher contribution limits and the option for tax-deferred or Roth contributions.This post does not create a CPA-Client relationship.

If you can rent for $3,200 and PITI is $2,961 there is a potential of $239 a month9.

As of this morning July 2nd 2024, a full 2 weeks after writing their current investors that they are suspending interest payments, they are still seeking new investors for investments but do not inform the new potential investors that they have suspended interest payments.

ARV Potential: Where can we expect to achieve higher ARVs?

Additionally, don’t overlook Memphis, which has great potential for rental investments as well.

The leads I'm getting for potential tenants are not the best.