I get hundreds of emails every week from wholesalers, and every single one of them demands a "non-refundable $2500 deposit to lock up the deal."

Here are some tips for networking and making the most of your account. 1) I'd fill out your profile fully before you do anything else!

Here's a quick snapshot from the COVID outbreak of early 2020 to February 2024:Key TrendsCondo prices: 📈 65% since March 2020Single-family homes: 📈 75% since March 2020Rapid appreciation mostly in 2020, stable/slight gains sinceMarket resilience despite rising rates and insurance costsAI stock market-fueled wealth could drive more home purchasesMy Prediction:Prime single-family homes: Prices remain stable or increaseCondos: Flat unless truly distinctiveThe Big Question: Are YOU ready to buy or sell?

If don't do a 1031 exchange and decide to pay capital gains, I would have about $450k free of taxes (this accounts depreciation and other costs).

Keep in mind that when you are putting a furnished rental out into the world, it needs to be in a location where a single female can check in alone at night and feel safe getting from her car to the front door.

Andrew - I think you've accounted for a majority of your costs, but just a few others to consider include: vacancy factor (typically 5%), turn/over or releasing expenses, and property management fees (7-10%)  - whether you pay someone else or do that yourself you might want to include in your calculation.

You don't want to start a relationship to learn about storage units and then find out they only invest in single-family homes.3.

Many in single LLC though do it in a way to make their lives simple, For Example 123 Main St LLC  etc.

Need to take that into account. 

As for expanding, I'm 50 next year and I'd love to be able to retire in the next 5 years.I signed up for Tax-sale.info to see if I can find any bargains in single family homes etc.I prefer to buy and hold/rent rather than flip.