Old industrial area like middle river, ...is expensive but expanding..Miami close to the airport area...may I ask why?

@Brian Knowles I'm actually in the middle of my first MFH live in deal right now.

Turned out the police were watching them and served a search warrant in the early morning hours last weekend.

Hi @Elizabeth Wilson,  I wish we could make that coffee date, but we both work full time and 7:30 is right in the middle of our commute :-( We are currently looking at SF mostly in the 38134 and 38135 areas.

I have some time blocked off with a potential mentor this morning.

Newer homes (on expensive land) may have less than 50% expenses, but because they're also likely to have a lower Rental Return Ratio, they may still be difficult to show positive cash flow, if 75% leveraged.Whereas cheaper/older homes in non-appreciating markets, or condos/apartments in high property tax/HOA areas, can have a HIGHER than 50% expenses per month, but may still cash flow positively because of a super-attractive Rent Return Ratio.Somewhere in the "middle" of those extremes, the 50% Rule can be quite accurate!

Turn key companies are in the business of buying distressed properties at a discount and reselling them to (mostly out of state) "investors" ... by the time you get the property, a wholesaler, contractors, real estate agents, the turnkey company, the hard money lender, out of state marketers, and the PM have already gotten or will get paid on the deal ... that is a lot of middle men getting paid, and who do you suppose pays for all those markups?

Realized today that I am smack dab in the middle of what some classify as a "Tired Landlord" aka a person with 3-10 properties (I'm at 6).

Good Morning BP Family,I have a good tenant living in one of my units and during a recent periodic inspection i noticed that his girlfriend has moved in with him.

You are trying to put yourself in the middle of a deal with a home that in all likelihood needs A LOT of repair.