We set up the background and credit checks for them to go in an provide there SSN directly with that 3rd party then the report comes to me.

Defer Taxes forever – by setting up your property to be inherited by your heirs, they get a “Stepped Up Cost Basis” and have no taxes to pay on the properties.

Even a more modest debt like $50k will take any excess income that a young adult would put towards buying a home and put them 10-20 years behind previous generations, and that in itself will set back their accumulating wealth. this generation is well and truly f*cked.

Hello everyone, I have a couple properties that I am looking at and my main set back is that they’re old builds, around early 1900’s.

The Purchase agreement just states the tenant/Buyer agrees to buy the property by a certain date for a set price. 

Management is impossible to select until you have picked and vetted a firm- while it is an operating expense, you're likely going to pay from GOI...so assume closer to 12% NOIYour vacancy is pretty low, but it's all relative here...I would at least set aside 1-2 months gross rent for an unexpected turnoverIf you can insure a 4-unit property for $150/mo. you have an awesome agentAssuming 50% of your income will go to OpEX is pointless.

It basically amounts to paying an annual fee and having a set bond on file.

I am starting to want to get involved with setting myself up with a better financial future so house flipping and real estate has really caught my attention.

And, as we all should know, it's also why we set aside some rent for vacancy and capex, etc.

In my experience I've kept EM after that set of facts occurred with financing contingency, no big deal.