@Axel NorvellYou don't have to house hack if for example you find a good deal outside the beltway, and you still want to live in the loop, well you can rent out all the units, and with the profits you can rent a place where you desire.

As long as my tenants can get in or out and I stay on positive terms with the neighbors, I'm happy enough.If you're buying to flip, on the other hand, or you're buying places with sizeable/desirable lawns or gardens, you're going to want to make sure, and keeping the neighbors happy isn't as much a priority.

Even with the new valuation the property is still preforming at a 20% plus cap rate.I would love buy 20+ caps (B class properties) all day, but the lack of leverage presents a problem when one is trying to scale.I have however, been able to reinvest the cash flow directly into a couple small multi family deals.On the other hand, In my market the extra $ down (from sale or refi) can absolutely get me a larger multi family deal (which is my desired trajectory).so, the question is:(A) Sell a 45+ %+ cap rate property (which truthfully makes me cringe), take the double up on investment and 1031 to a bigger deal.

Would fix up and sell it himself, but then would be knocked with capital gains taxes and recuperation taxes from depreciation over the years- doesn't have much time or desire to rehab the property himself right nowHere's the potential plan forward: - the tenant is given some amount of time to move out. - my friend pays off the remaining mortgage note of $45k- my friend deeds me the property - my friend pays for all rehab- my job is to do all the work (I'm handy) and handle logistics of rehab if a contractor is needed. - once I finish rehab, I'll put a renter in for $900 (or raise to market rent at this time.

I am looking at commercial real estate in LA area and there are a few retail properties with pretty decent cap rate - 8%+ net but they have land leases (running 20+ years into future). Should I consider them or not? W...

I went driving for dollars today and found some old, ran down vacant properties in some desirable area.

I look for tenants who will move out in a few years to not lose out on opportunity cost with raised rents).Ask lots of questions before even inviting for a viewing (reason for moving, total # of tenants, pets, desired start date, etc.)Google, Facebook, etc their name & get a feel for what they are like.Credit check you can simply ask them to provide but for me it's not necessarily a huge concern.Call References & reference an incorrect property address, see how they react.

A good investment will still deliver your desired return after paying them.Hope this is valuable feedback!

Could always set it up to end when desired, I.e. 9 month lease that renews as 12 or whatever.

My total out of cash will be $41K, I desire a 10% ROI on cash(do I put this down as an expense against cash flow?