Which they don’t clean so it’s additional income haha.

This is why as @Shawn Mcenteer to be on the safe side to give a full additional months notice to avoid any disputes is great.Eviction laws are strictly enforced - so better to not play loose.

I have 25 doors and most months spend only 2-3 hours on real estate stuff.

Accounting for additional properties, set up of depreciation schedules and reconciliation between management company cash flow statements and cost workbook and maximizing deductions for expensing loan costs."

Just understand the additional risk.

This method involves purchasing properties that need work, rehabilitating them to add value, and then refinancing based on the improved value to fund additional investments.

After that, we split the revenue 50/50.I was interested in a preferred return of 8% for the LP and then a 50/50 split if not 60/40 split favoring the GP for all additional income.Here is my reasoning.

They won’t tell you how far ahead they’d be if they hadn’t had to spend the first year or two knocking their head against the rocks.So, yes I’d make the change if that is what your heart says to do.

Thank you so much guys.Best,Jake Before dumping $500k into an asset, maybe consider something smaller and spending like $50k or $100k on a less expensive property.

I mean if you have the cash resource to spend the whole 200k in one swoop then by all means go for it.