Check out my personal favorite, Set For Life by Scott Trench , or The Total Money Makeover by Dave Ramsey.3.

The "1% Rule" can be a great rule of thumb but it doesn't account for a massive elephant in the room: Expenses.What really matters is NOI (Net Operating Income), which is why we prefer cap rate. 

Check in with @Joseph Chiofalo for variety of investor construction programs if you're going to continue developing anywhere nationwide.

First, make sure to check the current lease to see what it says about rent increases and when the lease expires.

I recently formed my LLC and I'm in the process of setting up my business checking account.

I take care of the paperwork, finances, accounting, paying bills, finding tenants, creating the leases, interviewing tenants by phone/zoom, etc.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

You need two accounts: checking and savings.

Awesome mate, please feel free to post numbers on here if you feel comfortable.Sounds like a BANGER deal.Just checked notes from years ago and sorry that we couldn't present any deals, we follow a pretty strict procedure when it comes to investor on-boarding and for the purpose of saving our time and resources, providing a POF is a must before we can take the next steps.I never get mad mate hahaJust dissapointed.It is what it is.Such is the wonderful world of real estate investing.Much success 🙏

Over several years, I have worked hard to save up for a down payment, and I currently have $200k set aside in a money market account ready to be put to use.