While I consider him Very knowledgeable, we have very different investment philosophies but both seem to have done well with our investment philosophy. 

But if you have done cost segregation studies and have 1245 / ordinary recapture to deal with, all of that income is taxed in the year of the sale, regardless of what you received for proceeds.Not previously as big of an issue, but in this world that we have had the last few years of 100% bonus depreciation, it is rearing its head more and more often.

When choosing a loan officer, make sure you find someone you mesh well with and you trust to have your best interest at heart.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

I’m not making much on rent and the house needs HVAC upgrade as well as cosmetic repairs.

Just last Tuesday I went to one hosted by Owen Schwaegerle where the speaker was the owner of NKT Commercial.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Hey Daniel, Great to see you're doing well in your luxury watch business!

It allows us to really serve our tenants well, which in return makes the owners happy.

This would be both a risk mitigation strategy as well as a bite size learning opportunity as I intent to manage close to all aspects of these for at least the short term (want to be an expert in the day-to-day operations before hiring this work out).