And being that close to your brother after he did this to you is probably not healthy either.I realize it may not be that simple.

I talked to the CPA for an hour and she did realize there is something wrong with the calculation. 

:@Eric S.Also keep in mind the 50% rule is .5 x gross rents minus PI (taxes and insurance are already part of the .5 cost).Ahh that is something I never realized (I always thought of debt service in the calculations was PITI and not decoupled).

Hi there,  after reading a few posts and going thru one of the books Brandon wrote - I realized that I might be able to find a much better deal by just heading north of the border of IL to WI.   

Vacancy risk - I realize this is a duplex, but you'll need to have 20 mos fully rented to make up for 1 month of vacancy. 

Logic and economics 101 says your colleague should list the property on the MLS: more exposure almost always = higher sale price and/or better terms for the Seller.Btw, I realize it is probably in your client's best interest to buy off market, but do you carry any responsibility for acting ethically in a deal that could come in front of a judge? 

If you don’t do it now you’ll probably never realize that it’s much easier than you think. 2.

You're thinking long term, which is great, but that means all the long term CapEx items are going to catch up with you...one more reason to limit your time with SFR and aggressively move to MFR where you can realize efficiencies of scale. $150-200/unit/month is probably more attainable.

I recently realized my ARV from Propstream was based on bundle property sales, instead of a singular property.

Kicked the tenant out 2 weeks later with a mutual agreement and realized the floor was sinking in, oh no this is not good.