I agree with this 100%.

@Cory MeliousGiven the clear lease addendum and initialed acknowledgment of the rules, you’re in a strong position to recoup at least part of the repair costs from these tenants.

But I recently purchased a triplex in Tucson, Arizona, which I plan to manage from out-of-state.

I think this could increase our cash flow to ~$1,400-$1,600 a month.What would you recommend?

Purchase price: $400,000 Cash invested: $200,000 Bought this fixer upper 2 family house with 2 bed 2 bath and converted it to a 4 bedroom 2.5 bathroom with finished basement.

Quote from @Cherilyn Williams: Someone gave you bad advice in the very beginning.

Or is best strategy to sell, capture the equity, and buy a new construction home with profit from the sale?

How did you find this deal and how did you negotiate it?

Some townhomes are like $250,000 and rent is still $2000+.Where I’m from, a $400,000 house would probably rent for about $2000 so I was pleasantly surprised to see how much more rent you can get per dollar, is this pretty standard or am I missing something about Freeport?

I am a few years away from buying my first house, and am wondering where to save up for that.