I listed my expenses above: mortgage/taxes/insurance, management fee.

Without question the Pandemic fueled activity and mortgage rates drove investment and inventory of STR's and vacation rentals for rent up in many destination markets. 

Great for networking and proper legal support.

But even with doing all of that, you most likely still will have to pay a portion of the mortgage as its very very hard to cashflow in California.

Hi Vince,It depends a lot on the type of program (Conventional, FHA, VA, Non-qualified mortgages) as well as the property and borrower.

I took out a mortgage at ~7% and now simply burning cash.

But no 401K or IRA.I have $67K in non- mortgage debt that I am snowballing. $185K of mortgage debt on my primary.

Rental property owners, did you know you can deduct expenses like mortgage interest, property tax, operating expenses, depreciation, and repairs?

Even if they’re paid off and you don’t have the mortgage interest to write off.

Here is the rundown...Prop 1: condo.. after selling it, should clear 360KProp 2: SFH.. after selling it, should clear 750k (after paying off 95k mortgage)Prop 3: their multi-family, we would keep and after renting out their apt, it would be able to contribute to their ALF.