We had a first great meet-up today in Eden Prairie with Account Closed and one other gentleman to discuss our goals, needs, and next steps.We are doing it again next month.Hit me up if you'd like to join.No pitch, no cover - lunch and learns!

Rhe IRS concluded that a taxpayer's involvement was sufficient to constitute a trade or business even though a management company was engaged as the leasing agent and handled day-to-day operations.

The properties are vacant or abandoned, needs extensive work but is priced low to sell fast. 

As you can see, I got my first one under contract today.

My biggest problem today is finding quality contractors.

I was told by my mortgage guy today that It would take 6 months to clear for traditional refinance so that is going to significantly eat into the holding costs.  

Hey All,The question I have for all you self managing landlords today is, does anyone have any good tips or tricks (I don't mean actually tricking your tenant) into a simple and stress free way of having them sign a new year lease with slight rent increase about 2.5% Ive been doing this for years now and Ive just come to the point where I'm tired of hearing the same old "Oh well we are going to probably be moving" or "This is broke, I need a new stove, bathroom, car..."

Currently I have a motivated seller that needs to sell fast.

I would also consider the profit I could get today and where I would be able to invest it afterwards.

I was looking in Norwich because I've done some research and saw that it is one of the cities in CT that is appreciating in value at a pretty nice pace.