It has been 8 months since we purchased that home (our tenants are half a year into their lease), and the quick 1 bedroom apartment we got is definitely NOT big enough for our growing family.

But with our equity, we could easily knock out half the mortgage.

If you give them an inch they'll take it everything.

So with this being considered 25% down on a $300k duplex is only 75k which isn’t even half of what I have saved!

Over half of all commercial multifamily properties are underwritten using the spreadsheet

Here is what you need to be able to classify yourself as a Real Estate Professional.Note: I have 20 rental houses, rehab and flip houses have a Vrbo Lake house that I manage and I am can't classify myself as a Real Estate Professional because I have a day job.According to the IRS, to qualify for REPS you must meet both of the following conditions:More than one-half of the personal services you performed in all trades or businesses during the tax year were performed in real property trades or businesses in which you materially participated.

We are considering using half of that.

It doesn’t include a unit in a hotel, motel, inn, or other establishment where more than half of the units are used on a transient basis.

All 4 were manufactured homes on land (1 vacant, half way through a remodel, with some issues as far as access to the property, 3 others were located in Arizona City, Coolidge, and Casa Grande and they were rented out month to month for $640, $525, and $625 respectively).We got them all under contract for 136k.

I think we can handle several quarter and half percentage increases, but I think getting back to the 5.5% of the early 2000's is out of the question.