The numbers usually just don't work after you factor in principle, interest, taxes, property insurance, as well as a maintenance reserve unless you somehow found a steal of a deal on the purchase price.A refi is simply a new loan where you are keeping your same house.  

Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.

Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.

If the answer to all three is Yes, I buy.And let life unfold.I have NO IDEA what the ultimate return will be….NONE….And neither does any other investor if they are honest…..most crystal balls I find are broken.But if one acquires the property is a solid long term manner based on fundamental investing principles and is never forced to sell…History indicates the long term trajectory of price and rents are up.In my experience, real estate follows cycles……. 6 or 7 years of a bull market, 1 or 2 years down (though the up is always larger than the down), 1 or 2 years of flat which then sets the floor for the next run up.

Also your E&O insurance most likely does not cover you when you are a principle to the transaction.

No system is perfect, so don't waste your time chasing after the next shiny object.

Once you have those personal experiences from managing your own property, you will be able to identify and vet these property management companies when they're trying to make excuses of whatever the reason is as it stops you from achieving your objective. 

No system is perfect, so don't waste your time chasing after the next shiny object.

With the increased competition among sellers, it’s crucial to prepare a listing to stand out among the rest and work to address buyer objections prior to going on market.

The power of compounding in real estate is real - yet most professionals don't understand how powerful it really can be even though they talk about generating wealth.The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.