Sam-Check out the listing I sent you- The Listing price started at $259k- Ended up @ @282k- Looks like a winner for airBNB- Keep in touch

Often it is a case of where you end up as opposed to where you wanted to end up.

After taxes I am ending up with roughly ~$6m.

Most properties in oc don't rent out this early for next year as the season is just ending now .

After expenses and mortgage, I end up with a net cash flow of anywhere b/w $150-$250 which I find rather small, and I wonder if this could even get eaten up by tax filing time.

I ended up bidding on the property, but when the bid went too high, I stopped.

If I was going to start mailing out more I think I would create individual letters to each person and would never use a "mailer template".

I'm nervous because I've never had a business before and I still have a full-time job as a cloud solutions architect, which I'm really passionate about - so hopefully it won't be my golden handcuffs that may prevent me to thrive as an investor and  I'm excited because of all the benefits and freedoms being a business owner offers, one of which is to connect and collaborate with forums like this and people like all of you, where I can both learn from and hopefully share later as I develop more experience. :-)

Housing providers are required to renew tenant lease agreements unless they have legal cause to non-renew (now called a no-fault eviction)Previously, all lease agreements had a start date and an end date.

Usually we have a few thousand dollars each year to invest after we max out these accounts (and it usually just goes into a taxable brokerage account where we use it to buy Berkshire Hathaway or Markel or some other stock that does not pay a dividend).That extra money was actually how we ended up buying this duplex - thought it might be a good way to diversify our investments.I was wondering if I could use net income from our duplex (assuming we have net income, and by net income I mean what we report to the IRS) to fund a solo 401k or some other kind of tax-advantaged plan?