Next year I will return to civilian life and make around 120K a year ( + or - 20K).

Investing in newer homes could provide you with peace of mind and stable returns.

Let’s discuss when it is appropriate to utilize each of these tools.AMENDING A TAX RETURNAn amended return is a revised version of the tax return that you previously filed.

Unless its a 15 ft or deeper dig or road repairs , thats a high price ( based on Maryland ) . 

I did make a trip to Detroit and drove around neighborhoods to realize 'every block is different'.Its still sounds lucrative wrt ROI, but with concerns of- Property taxes : probably most complicated of all states- Home insurance is too high- Property management is too variable, anywhere from 6-12%.

@Chris Colvard Thanks for these, I've been looking for high and low. 

Quote from @Kyler J Sloan: My rentals made over $150,000 net cashflow last year, but my tax returns showed around $10,000 income because I wrote off all the LEGAL deductions.

Even finding a distressed property rarely leads to enough cash flow to make it worthwhile, especially in today's high-rate environment.

These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.

Partner Driven was interested in the Pin Oak Dr deal in Perkiomenville, PA, due to its high profit potential and quick turnaround.