Where should I begin, I know everyone loves ohio but isn't it to late to get in? Where are you guys taking your money?

Hey @Kay Li, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

I spoke with the Owner and Managing Director, Matt and Sam; they touted their own investor knowledge in the area having grown up in Indianapolis and they spoke highly of their strong network that is available for all your needs.

Rents are super-high, so the chance to rent a private room for less than what your tenant would pay for their own studio or 1BR apartment would be attractive to potential tenants.However, you must figure out a way to qualify to rent the apartment yourself.  

so most people will have to be as leveraged as possible to scale (at the beginning). as in, keep your LTV high and focus on buying 'as much' ($$) RE as possible. this is if you're doing a pretty run of the mill REI strategy like buy and hold. i came across an interesting guideline once: if you could sell today and net 7x+ your annual true net cashflow, you should cash-out/refi, or sell/1031. think of it this way: if your portfolio in a year is worth 1m market value, and you owe 600k, and have a lender that will do a portfolio loan at 80% ltv, you could cashout refi and get 200k to play with (minus closing costs). when you compare the now-lower cashflow from the existing portfolio (higher LTV & maybe different rate), to what you can do with 200k cash, THAT'S where it gets fun. maybe you lose 1k/mo in cashflow on the original portfolio (literally just made up a number, idk), but you can gain 2500/mo in cashflow with that 200k.. then doing the cashout/refi earned you a net increase in your monthly profit of 1500/mo, plus you're getting debt paydown and appreciation on "more" real estate, probably getting bigger tax benefits, etc.

He left us high and dry and went on a luxurious vacation. 

Side note: Keep in mind some items are naturally low profit margin work and some are high profit margin work.

Hi Ashely,Unless you have high reserves and risk tolerance, it would be a good idea to steer away from major or even medium rehabs such as foundation or electrical.

I also highly doubt loss of use is something covered in a tenant policy - that is YOUR responsibility to get coverage for.

The rental rates are pretty high in the Seattle area.