I would have answer to the questions then with those answer, I would ask, can you find a better deal (equity, cash flow, appreciation potential etc.) that better fits your portfolio and is it worth the extra time?

With a manageable purchase price and the opportunity for high-impact renovations, it fit perfectly within our investment strategy, promising a solid return.

Well, three top reasons come to mind:It will allow you to deduct their earnings on your own tax return.It is required by law for any person to whom you paid at least $600 in 2023, total.

If you’ve got strong tenant demand, proximity to top employers, or even access to public transit, you’re laying a solid foundation.

Successful collection rate on LTR is not even 15% on top of dealing with insane lawyers and social workers who believe that less fortunate people can hurt wealthier people.

Try to narrow it down to your top 3-4.

In 30+ years we've been sued 1x (legal blackmail over a tenant's drunken trip/fall) which the insurance company settled for $1,500.00).We've been using some privacy tactics to keep our names off the county recorder and the target off our backs.Further, we review our insurance coverage and premium annually, just to keep on top of any changes.As with all insurance, it seems to be a waste of money... until you NEED it!

So on numerous occasions, I have expressed my concerns about staying within my budget.Now on top of this, the property manager let the pipes freeze and they leaked and the boiler also cracked which I was told to file an insurance claim.

Here are my top 5 tips for starting the new year off right!

Also, I recommend someone follow a company/person/business on social media for a few months and see if they would be a good fit.