I'm based in cape coral and have majority of my portfolio here... you are right on cashflow and I will add appreciation and population trend is planned to be increased due to this city is one of the cities used as an outlet of miami, Orlando and Tampa since they are too expensive... happy to chat whenever you want.

I had plans tonight, but if you have another one let me know. 

I live in New York City and I am selling an investment property in California, a single family house, and I am planning on using 1031 to buy investment property in New York City.

And that leads me to where I am at now, currently gutting and setting up a plan to renovate the building.

Online Courses and Webinars: Platforms like Udemy, Coursera, and BiggerPockets offer courses specifically tailored to new real estate investors.

We have a condo that we plan to keep as a rental and start building a portfolio.

None of those options includes "taking $100,000 now and letting the rest sit in the inherited IRA until I make another plan". 

I will list his known assets at the bottom.Here are my two questions: If the documents I sign show him as personally guaranteeing the loan (specific language below).

For example, if the previous last month's rent was $1,000 and the new rent is $1,100, you would request an additional $100 to cover the increase.Update the Agreement: Ensure that the lease renewal includes a clause that reflects the new last month's rent amount.Refund and Repay:Refund the Previous Deposit: You can return the last month's rent from the previous lease to the tenant.Collect New Last Month's Rent: Then, collect the new last month's rent at the increased rate as part of the lease renewal process.Steps to Take:Review Your Lease Agreement: Check the current lease agreement to see if there are any specific clauses regarding the adjustment of last month's rent upon renewal.Communicate with Your Tenant: Inform your tenant about the rent increase and how it affects the last month's rent.

You want to develop a plan for how to handle that in advance.In our book, payment history & longevity play a “first factor” in how we respond.