In addition, you get A LOT of tax write offs with real estate, including deducting the interest on the mortgages of the financed properties, so I would encourage you to work on rationalizing the idea that having a mortgage that returns positive cash-flow is actually a good thing.Every location is different, but we target $75,000 - $100,000 homes that rent for $1,000 a month.  

Besides you get total access to the library of podcasts.It’s might even be a tax write off as a professional association, professional service, or something needed for you property.

I can see the writing on the wall that I think I'm about to be laid off.

I can see the writing on the wall that I think I'm about to be laid off.

When writing new leases, I make the end dates on 5/31.

I’m not sure I’m going to hold the property long term I.e > 5yrs (depending on family plans) and the counter argument is that I can write my mortgage interest off on my taxes so why bother?

This has been approved by the council etc, and I now have a class C quote of around $300k for the new build, including 10k for the foundation work.I estimate I will be able to rent this two bedroom standalone for around $1800-$2000 per month.I need to write a business case to present to the bank to get financing and so I need to figure out ROI etc.This is in a very desirable town with 0% vacancy.Any advice on how to get the refinance and what to include in my proposal to the bank?

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

-8-10kI don't want to pay 10k from my pocket within next 5-10 years before it will start break even (even if it appreciate would be 25%, in cash - 90k)Is it possible to write off/return 100% of expenses from investment property?

The landlord should have completed and provided to you in writing an initial walkthrough of the unit siting each deficient item.