The same can apply to the $150k properties, but I am assuming they will be easier to rent due to the lower cost.

Those losses can offset W-2 income when using cost segregation.

You could also allow a Buyer's agent in your community to hold an open house on your behalf, usually at no cost, because Buyer's agents need buyers too.

We could sell the old house and net at least $175-200k (after costs of selling -- this is a hot market) and would put that toward the new mortgage (reducing our monthly payment and interest costs).Alternatively, we can rent it at an amount that covers mortgage, taxes, and insurance, but not much more than that.

The investment is the down payment plus the closing costs: 40,500+5500= 46,000.ROI = 4297/46000 = 9.3%GPT doesn't understand the power of leverage?

switch the zoning or rezone to hotel or a permitted grandfathered zoning instead of looking for the license go bigger and get it permanent not just one unit. loophole but very powerful how a lot of condo development is moving forward in miami they are hotels technically 

One ended up in court costing close to $30,000 and the second involved a lengthy process with the banks lawyers and mortgage team to get the partner off the mortgage when they went AWOL and didn’t uphold their part of the deal.

If it has not been cashed, I would cancel the check and provide a new one less the cost to cancel the old check.

Below are the key data points:- Gross Rental Income: $118K (I received the rent roll list from agent)- Effective Gross Income: $112K (I'm assuming a 5% vacancy factor)- NOI: $56K (I'm assuming 50% Operating Expenses - inclusive of 10% property mgmt costs, repairs & maintenance and CapEx reserves)- Recommended PP: $623K (Market CAP rate is at ~8%; I used 9% because I want the Cash on Cash return to be 10%+ with a 30% DP at 7.2% interest rate and 30 yrs term)- The asking price is $1.25M.

I worry that taking on more myself and figuring it out as I go will take longer and end up possibly even costing more than hiring it out.