A great way to network and meet people in your local community is to attend in person meet ups.

. $45k from several unexpected large repairs (water leaks, roof collapse, siding rot, plumbing main line, etc.)These issues are also causing me to rethink the assumptions in my model, increasing my vacancy rate from 8% to 12%, repairs from 5% to 20%, and capex from 5% to 20%.

Left on Loan: $175K (Maturity 2/14/52: 3.55% Interest Rate) with monthly payments $835ARV: $275kList Price: $271KRehab Needed: $15kLet me know if you need any other details. 

And I dont have to tolerate someone with no clue of what a project is about starting to offer useless forecastings about success rates.

This is the primary reason we don't have even more business than we do, interest rates are too high.My question is how does one start a lending company, not a brokerage?

To add the unit you will most likely need to achieve proper fire rating between shared walls/floors/ceilings and have interconnected smoke detectors.

., or if they move out you have to offer it back to them at the same rent rate as before. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

This only applies to the investment portion of the property.Holding period: The length of time you've owned the property affects whether gains are taxed as short-term (ordinary income rates) or long-term capital gains (generally lower rates).

Properties can cashflow, and there are more aggressive strategies to force cashflow, but the wealth builder here is the appreciation.I noticed on your profile that you're looking for properties that meet a 1% or 2% rule.