I plan to refinance through conventional means once I have effectively raised the NOI.

FB is simply not the platform to do effective marketing.

.$30,000 in annual rental income + utilities are paid forless $600 for the average ~3% vacancy rate (2.7% according to CMHC)less $2000 for property taxes ($1867.90 according to City of Windsor, effective 2018 Jan 1)less $1000 for insurance  ( Assumed figure.

Hi everyone, I'm new to real estate investing and looking to educate myself in the most effective way possible.

This is the most cost effective way to do it.

PGI--potential gross income- VCL--vacancy and collection losses+OI--other income (internet, etc)= EGI--effective gross income-OE---operating expenses such as taxes, insurance, etc (does not include debt service=NOI--net operating incomeAfter NOI subtract debt service (interest not principal) and then you have BTCF..before taxes cash flow

What is the effect on these rents now and in the future.

Although the automated option is appealing, I am not sure how effective it will be in regards to ROI.

These are the issues that will arise over time within almost any partnership.Another article that will contribute to your future planning with is an article I wrote some time ago on Joint Ventures: https://www.biggerpockets.com/renewsblog/effective...When I approach any type of partnerships I am always looking into (1) immediate concerns and Standard Operating Procedures, and then (2) the long vision for where we want to go and how we plan to get there.Hope this helps!

I started my real estate interest and journey in 2015. I live in Orange county, Ca. I have traveled to seminars and spent thousands of dollars (not at all bragging, quite disappointed actually).
I listen to podcasts...