Your college student may have to pay a higher-than-market rate, but what equity opportunities are possible after 4 years PLUS turning it into a full rental after they move on?

You could also look at interest rates and monetary supply, interest rates probably are not going anywhere until monetary supply comes down - but in speaking with some banks they are losing money month over month on deposits which really hurts banks.So a lot of moving parts in the economy, all I will say is people need to understand what happens if things get better or get worse.

As you should be while you're positioning yourself to move forward on your 1st Investment.

I have a great contact for you who actually just moved down from New York, has some investments in New York and just purchased his first here in Lakeland.

For example, if you must make repairs after a tenant moves out, you still depreciate the rental property during the time it isn’t available for rent.Vacant rental propertyIf you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant.

Any advice or responses are much appreciated.On a new build, I’d highly recommend using a gc, too many moving parts (literally) to keep track of, & if you screw something up, it could be a massive disaster. 

Landlord is considering moving back to the house and the PM still said 6months!

Hi @Kenneth Bell - my best friend recently moved to Charlotte so I visited for the first time last year. 

Even with my team in place (Attorney, CPA, Ins broker, property manager, lender) I was still in at least 10 hours a week.I started moving some of my capital into syndications about 5 years ago.

Pulling out cash to pay interest is not a wise move unless of course the tenants had paid down the debt which in this case they haven’t.