Unfortunate side effect for us is that we had to shell out an extra 200 bucks to keep the rate lock.

Heaven forbid something would go wrong and a tenant would sue you for damages from improper repairs.

That means less damage to the property, less headaches with problem tenants, fewer evictions, and so on.

There are some things which may need to be upgraded within the next 5 years:Siding - currently there is masonite siding which is prone to deteriorate over time; Probably needs to be pained in a few years and there are some spots which are damaged.

Heaven forbid if a tenant has to be evicted and causes a lot of damage in the process.

Maybe it means that we're having an effect?

I make much more money when I buy large multifamily.I lose money when I try to be all things in my investments.If you study the mega successful investors you see they aren't doing the day to day or minute to minute management because they are more effective as investment managers rather than managers of investments.

But you'll have to come out of pocket any time you have a vacancy, any maintenance, advertising, legal fees, evictions, tenant damage, deductibles for insurance if there's a problem, etc.

If you also do the management piece, they can come after you if the LLC does not have enough assets or insurance to cover the damages from the injury caused by your negligence to do the repairs.

It is cost effective for him to put the word out to everyone he knows, including bartenders, Starbucks baristas, various others, and bonafide bird dogs, that he is a buyer of real estate and that he will pay a fee (bird dog fee) for a good lead.