Building a network of local real estate agents, bankers, and investors may help you identify opportunities and get support.

Purchase price: $425,000 Cash invested: $100,000 Converting resident to rental in a ski/lake town.

Moving to save a few $20-40/month doesn't make sense if housing similar to yours also charge the same or very similar in price to your rent price.

Not to mentioned the price is between $50-100 a month per "business" (or entity) which can add up quickly. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Purchase price: $85,000 Cash invested: $12,000 We bought our first Rental through an Online Auction.

I no haggle priced my FSBOs last year.

Cost segregation is a popular tax deferral strategy and there is often confusion as to the difference between bonus depreciation and reclassification.Bonus DepreciationBonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets, such as washers and dryers, rather than write them off over the "useful life" of that asset.

Then you should also understand that that price is variable.

All this with only having to put down 3% of the purchase price of the asset!