I am excited to take advantage of the 1031 process down the road.

My advice is to nickel and dime the repair process as much as possible. 

The ones that are successful use these experiences to alter their process/procedures/systems to ensure they do not happen again. 

As of right now this property pays for itself with the MTR income, but the potential earnings during the summer months could prove to be very lucrative.

In my home state of ohio, these auctions come with clean title and they include all leins and morgages in the starting price so i figured it was the same for florida.first property i am a defendant on, the second im not because the foreclosure process started before my purchase date so im not entitled to the lien.

While a lot of investors are trying really hard to capitalize off of our influx of high income earning new residence and the fact that we are home to the most million and centimillionaires ($100M+) the market doesn’t call for all properties to be fully renovated.

We are in the process of renting out one of our properties to four college students.

I have endured the bankruptcy process and had all intentions to maintain a much higher score but with what Covid 19, inflation, and all the chaos going on all over the world…it has been a difficult challenge to even maintain our lifestyles.

The lender does earn a return.

The next part of this thought process is how are they as tenants if they are great tenants do what you have to do to keep them as long as it doesn’t affect your numbers and you don’t end up below market rents. I have seen situations where landlords and tenants are both very firm on their requested rent price and it was a minimal difference and the landlord let them move out and the money it cost the landlord to clean fix paint and rent the unit out to a new tenant outweighed the difference they would have made the tenant after moving expenses and paying first class and Security again probably outweighed what they would’ve paid had they just stayed so sometimes it’s better to just negotiate and flex a little to renew a tenant than to keep swapping tenants.