I have my team on the ground when it comes to real estate agent, cleaner or other critical team members to make the property up and running.

But will you get a stepped up basis or owe 100% of the capital gains?

These folks are being asked to uproot their lives with 60 days' notice and all you can come up with is that they want to stay because they are under paying?

We know up front what can and can’t be done.  

What's up Bigger Pockets community!!

@Kevin Sobilo I have money saved up and it is currently in an investment account, and my spouse earns monthly which I don't want to use for rental investments since the whole of that goes in for running the family. i am budgeting it based on the returns i get from the investments i have in place. 

How long are you going to keep the place and how quickly are rents going up in your area? 

Both my business partner and I put in 15k each to cover taxes and any other expenses that might come up.

I actually ended up working with a DFY arbitrage program that finds the right property, negotiates the least terms with the landlord, and even has an interior design department to set up your listing.

Feel free to shoot me a text and we can set up a time to talk!