@Dmitriy Fomichenko scratch the part about being taxed at the capital gains rate, you’re right that it is taxed at income levels, however the rest stands.

However, there are types of tenants (similar to travel nurses in the US) which can be tapped into providing a consistent level of higher rents.

That is the one thing that will take what you learn here, on podcast, and in books to the next level.

Covering a significant portion of my mortgage has been a great reward.Solution: My four levels of vetting have helped me find quality room-renters over the last 18 months.I think you already have the answers to your situation.

I’m also considering advising my tenant to look into Section 8 assistance, as it could help support their financial situation while allowing me to adjust the rent closer to market levels.

Because obviously there was no skill or courage involved, and houses will definately be cheaper in 20 years. 

I can have my clients give me feed back if you want to send me the address via PMAlso I got stuck with a few props there when my first balt client imploded ( of course i was in them at wholesale levels) but I exited with ASHLAND auctions and we recouped generally speaking.Also Section 8 there pays a very large amount compared to most markets if your forced to keep it I would go that route you can get 1600  to 2k on section 8. 

If you’re serious about private lending, this book is a great way to sharpen your skills and make smarter decisions.Good luck, and feel free to reach out!

- At a high level often people set goals that don’t align with their overall life goals.

It could be the lack of screening skills.