It will be hard to get a loan from and financial institution if you’ve got the IRS breathing down your neck!

Today I got a text from one of my tenants saying she has had some breathing problems since moving in (2 months ago) and asked if I have ever done mold inspection.

Hoping to breathe life into this thread... for those with Baselane, I just realized their hours are super limited, which is a problem because I'm trying to log into my account and the website is looping.

So I was a bit nervous going into rooms with people who live and breathe multi family.I went partially for my own knowledge, and to see Scott speak, but also because BiggerPockets has officially launched our new platform, PassivePockets, this week.

Building up funds, fostering relationships, and learning skills takes YEARS.I think you have a great mindset and are asking the right questions, but take a deep breath and enjoy being young.

If you’re looking for help from a team that lives and breathes STR, treats your real estate journey like your own, and wants to build success together, do not hesitate to reach out.Web: www.LFListings.comIG: @LiveFreewithJD I actually lived in two of these places as a kid (Pocono Farms & Stillwater).

Great people, living-breathing-guiding-you people who aren't bullsh#tters. 

Ended up moving my portfolio away from them and its like a breath of fresh air.

I took a deep breath, explained the situation and where i was in the process and the fact that he signed a renewal of an original lease. 

Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.