Rates increasing is also a test-- to optimize operations, add true value (and I mean AUTHENTIC value to local economies and communities none of this rubbish you see on social media) and to give an opportunity to investors who know what they're doing.

I just recently moved back home to NJ for work and decided to move back in with my parents (not fun but ironically closer to where my job got transferred rather than getting a place) so I am saving a ton more money that will hopefully enable me to make my first deal this year.

Now, I'm looking to consolidate our top-performing luxury 7 RAL homes into one portfolio and seek a passive investor for the real estate, while our team (MDSL) continues to manage and operate these homes.

In cases where I rent a room I just rely on checking they have a professional health care license and a job in the area but that is only because the roommate is my son.  

-joeNet CF from investment 1yr= Owners equity+Gain on sale in y1+ Total return from operations for that year.For years 3 and 5 add the principle reduction from the previous years and voila.Exit price(his estimated sale number)- total purchase price= gain.

It will be far cleaner to operate.

Some operators are in trouble now because of how they bought years ago utilizing bridge debt, variable debt, etc. 

Hi guys,Quick question..I have W2 job and last year did around 85K gross from my job..Also in October last year I bought investment/rental property with 30% down..today my tax person told me-I owe the government $ 3,5K ...please keep in your mind compare to my coworkers I am paying crazy amount taxes during the year...I know each case is different and unique but is this even possible?

@Madeline Mercer you outlined a nightmare scenario for operating a residential income property.

One is worth $300k+ and I operate it as a STR.