All 4 houses needed to be renovated.

They all have employees and offices and overhead and are not doing this alone.

In regards to PHX for that budget, it's all going to depend on what is most important to you, cash flow or appreciation.

You can close in the business name/LLC here.You are not required to have your investment property in the business name, however, some lenders and bank may require it if they are a purely business purpose, lending institution who servicing companies, mandate commercial purpose only.And yes, finally you can get landlord insurance.I recommend shopping around and comparing a few quotes to get started happy to connect to talk further strategy and detail.

We all have a limited amount of time to work, and there’s a constant push to maximize that time to earn as much as possible—so we can enjoy life beyond work.Most people work to meet their immediate needs—food, clothing, and shelter.

Hi all, I've been a fan of BP for a while, more of a lurker than a contributor at the moment, but looking to change that and introduce myself. 

Currently has 4 SFR all paid off and long term tenants in place.           

After all expenses, the remaining amount would be your cashflow.

It feels like a lot if I have to pay a full 2.5% to my agent to buy something in addition to all closing expenses.Thanks in advance.

Next year is all VRBO so far.I got a single direct booking this year.