I am not sure if they continue to do yearly inspections after the tenant has been living there.

I also agree that if you are learning something and making contacts, you should continue to go.

Assuming a 10% cap rate, you'd be looking at 100k NOI, plus another mortgage payment on the new property of $4,600 mo, leaving you with a net of $5,400 a month.And now you'll have to complexes that will continue paying down mortgages and continuing to appreciate.Here's what you have today:1 property:Value: 1milNOI minus mortg payment (2k): 4k per monthPrincipal Paydown: 18k/yrAppreciation (assumes 2%): 20k/yrHere's what you could have if you pull out 360k in equity and can get a 10cap complex worth 1mil with 30% down (300k).2 properties:Value: 2 milBLD 1: NOI minus 2 mortg payments (2k + 2,300 equity loan): 2,500BLD 1: Principal Paydown (2 mortgs): 18k/yr + 10k/yr = 28k/yrBLD 1 Appreciation: 20k/yrBLD 2: NOI (100k) minus mortg payment on 700k loan (4,600) : 5,400.BLD2: Principal Paydown: 20k/yrBLD2: Appreciation: 20k/yrTOTAL Monthly income (both properties): 8k/moTotal principal paydown: 48k/yrTotal Appreciation: 40k/yrAgain, I'm not sure if 1mil complexes in texas can be had at 10cap.

I will definitely be continuing school.I will be reading around and in a couple of years you should see me reporting back here with my first deal.. see ya'll soon.

What I do is (I do use CAR form but you can just create an addendum) in the lease renewal term, I write that the lease continues starting on the expiration of the current lease and that all terms and conditions are the same.

I would encourage you to continue to do exactly what you are doing.

Continuing the credit example, a borrower with a 625 gets a loan and the next day buys a car.

Our current lease is up in approximately 6 months and I'd like to get back into investing and have to decide whether to buy a multi-family and live in it, a fixer-upper and resell in 2 years or continue renting and start flipping.

Hi GuysAn interesting scenario:I am currently renting a nice house from a family member (i.e. using it as my home) for only £200/month (it would normally fetch £600-£700 per month on the open market).What I wonder is, should I:1. continue to rent it for quite cheap money and focus on building a property portfolio of rental property. i.e. invest the money saved from purchasing a property for myself to live in, in rental properties (i.e. rent out to tenants) and continue renting my own residence also at £200/month.2.

I "buy" the property from him today for $280K and in lieu of a down payment he continues to receive the cash flow that the property created last year for a period of 10 years.