I’m in the process of buying my 3rd property, which will be my primary residence for my family and I, it will be our permanent home for a lil while.

The cost to "evict" may actually be 1/20th since 'stuff' doesn't have tenant's rights the way a residential tenant does, but the entire other basked of 'stuff' to deal with seems like it might be closer to 1/2 or 75% of the 'normal' level of time/attention/etc that you as the landlord have to deal with.... but you're only getting 1/20th the income.Unless of course you are going to tie these to the 7 units themselves, and moving forward every time there is a vacancy, include the storage with the unit as a bundled pair, and increase the rent accordingly.

Like you, I evaluated a bunch of properties back in 2019-early 2020 and regret not making a move back then.

Hi All,Our tenant's lease requires a 60 days notice, she only gave 30 days notice, and we immediately started advertising the property and were able to secure a tenant fairly quickly where her lease ends on June 30, 2024, and she has already moved out as of June 22, 2024 after paying the rent for the month of June, and the new tenant will move in on July 1st, 2024. 

(Not before) The time spent before the property is under contract such as analyzing deals, doing negotiations, research, education hours, traveling, etc do NOT count towards the material participation hours.Hi Arda, Can you elaborate on which activities I should be recording during the the contract process?

The other lesson I learned is that the right fit for me in this investing process is to long term hold the properties I purchase, rather than flip them, unless market conditions are so good that flipping makes sense.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I think one property is not enough to prove if your process works.

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

That will be a fun eviction process and you get to be labeled as the bad guy.In other parts of the country this is quite common, but no so common in Dallas.