One bad tenant or major maintenance expense can cost you $5,000 - $10,000.Your only hope is to hold the property long enough that rents increase or the home appreciates, but even that could take 10 years to balance out the losses you incur in the meantime.

If your purchase loan is $100,000 and you have $25,000 in rehab holdback, you are only paying interest on the amount of the principal balance each month. 

Check, Zelle, PayPal etc.Then require balance 30 days before stay.

@Ryan Kline You either have a balance sheet we all envy or you are an individual who has no confidence in their ability to be a good real estate operator.

The total tax balance is about 18k.

I agree with @Brandon Rizzo I think the supply will normalize as the migration to Texas has not slowed down and as builders make correction to a more balanced supply and demand (along with interest rate improvement) housing market will be better.

He provides the CPA with Buildium Balance sheet and Income statement reports and any supplemental information like Hud statements if we have done purchases or sales during the year.

It’s also wise to keep debt management in mind as you scale—balancing between leveraging opportunities and maintaining financial stability is key.If you have any specific questions or need further insights into the Memphis market, feel free to ask.

And I feel you on the outdoors—gotta balance the grind. 

This may be easier to find in smaller towns or rural areas.Growth potential: Research areas with growing populations or emerging business districts.Tax incentives: Some localities offer incentives for small businesses or specific industries.Infrastructure: Ensure reliable internet and necessary utilities for your business.Potential locations to explore:Atlanta suburbs: Consider areas like Decatur, Marietta, or Lawrenceville for a balance of affordability and proximity to the city.South Carolina: Look into growing areas like Greenville, Rock Hill, or smaller towns in the Upstate region.North Carolina: The Research Triangle area (Raleigh-Durham-Chapel Hill) offers opportunities, as do smaller cities like Asheville or Wilmington.Remember to thoroughly research local building codes, zoning laws, and business regulations in any area you're considering.