From what I've seen and heard, construction on the USVIs is very expensive because materials must be shipped in and there is a dearth of labor.

It was really surprising how little attention they paid, especially when we had clear evidence of neglect with videos and photos.

If the seller's contract lists a deposit that was never paid the tenants must execute a Certificate of Estoppel prior to you closing which states no deposit.

However, insurance expenses in CA aren't going down anytime soon so that could affect your profit margin.

Cash-on-cash returns are what remain after vacancy costs, mortgage, and expenses.

Whether through books, online courses, or hands-on experience, there are countless avenues for expanding your knowledge base without having to rely on paid sources.In conclusion, don't be fooled by those who seek to profit from what should be freely shared.

Same principle applies to the seller's expenses and insurance--they're pointless for your underwriting.

This simple chart shows the PE multiple difference/spread between SP500 and US Equity REITs, typically REITs more expensive than stocks but now at lowest level/price since GFC-2009, so from a relative value perspective of where to invest a dollar, this is a great time to invest in real estate, thinking long term.

If I pay  his water bill how do I expense that in my tax returns.

I recently picked one up for a client on Cap Hill that will cash flow positive even with him living in one unit (rare, special circumstances on that one but even if you’re just offsetting some of your living expenses it will be so much better than renting).