This way, they’ll have a vested interest in maintaining high standards of management.To truly understand property dynamics and support the management team, I recommend spending time on-site.

If you buy it too low, in some jurisdictions they will call it "equity skimming" which is illegal.It can be very profitable, I've done many, but you really need to know what you are doing. on pre foreclosures on the West coast if you happen to do them legally .. the old owner is due 80% of the profit if you sell within 36 months.. so there is that.. but if your buying pre foreclosure for long term hold and wait out the 36 months then your fine. the reality these days is post GFC lenders/ banks/ servicers have realize that working with the buyer to reinstate recast redo the loans is far better than taking it all the way to foreclosure so your correct its usually the worse houses that make it all the way to the end and go to sale.thats why if you follow NODs  Notice of defaults or whatever they are call in your state. you see so many postponements and or removed or paid off etc.. so you hone in on one property do all this work only to have it not go  to sale  rarely are you going to buy a home that you really want LOL

Getting the federal return correct is the most important and with owning two properties, there could be some positive tax benefits.

Your EMD should still be with the title company if it was handled correctly.

Cat odor is far more problematic than a small dog, but I would check landlord references to confirm how they've maintained their last residence.

When used correctly a HELOC allows you to do multiple deals over and over again.

I just read this article from Redfin (Housing Market Predictions for 2025) that predicts mortgage rates will stay at 6.85% in 2025.
That seems like one of the few predictions saying rates will stay that high. Are t...

By prioritizing fundamentals over chasing ROI benchmarks, he’s now sitting on an asset that’s appreciated 30% and maintained strong cash flow.Personally, I once miscalculated reserves on a triplex I bought early in my career.

When you go to sell the property, if you produce a certificate of inspection for the wrong number of units, buyer unless you are giving them a great deal and they will throw caution into the wind, would insist on the correct designations.

Personally that would be a pain to maintain and do lol