Do you plan to do hands-on work, manage the project as a GC, or be a spreadsheet guy/project manager?

This is one of those time you might wanna find an attorney to get legal advice.But the simple answer is, you need to pay your tax bill.

@Leon LiHad you seen the property before hand or had a look at the area it’s in?

I am a knowledge junkie and have spent the last few months taking in as many BP podcasts/articles and book recommendations that I could get my hands on.

May not be as simple (or as cheap) as you think to get the tenant out, so keep that in mind when negotiating.

It's also essential that the presentation is top notch in order to actually get buyers through the door.I have a simple process I use to move vacant homes in our market. 

My concern is that tenants will refuse to leave, and I'll have an expensive eviction process on my hands.  

We plan to be hands off and will have a property manager.

There's a simple equation to determine the value of a perpetuity, it goes like this:Present Value = (dividend per period)/(discount rate) More concisely: PV = D/rIf the dividend(in this case, $5,000 annually) is divided by the discount rate and the present value is greater than what you spent to install the system, then congratulations!

The video seems pretty simple I’m not sure if I’m messing it up or it’s just the market right now.