“Oh, concentrate on your job for now don’t worry about it til later, don’t take on that kind of big payment when you can barely afford it, what if you lose your job?”

Our target rent for them is around 2/3 market rent which will just barely cover the mortgage.

If traffic on the road builds up the state may take the land by imminent domain for road widening and barely pay anything for it.That small of a lot size there are almost no tenants that would want a business there.

I have several properties that cash flow at $1,000 a month with the rent growth here that were barely break even a decade ago.

Rents have also gone up significantly as well.Since the poster is from SoCal Area , I was just thinking in terms of his location .I’ve also had a relative own a home for many years in Western NY , and the home barely went up at all , maybe just beat inflation . 

I would prefer to run up my credit cards.My master plan is doing the bare minimum and doing a deep scrub, paint, flooring and putting renters in there to generate positive cash flow.With the golden goose laying eggs, I will slowly improve the property.Marion, for Hard Money, look up the Norris Group found under "Resources" in the header.

There are A class assets in highly appreciating markets that barely cash flow.  

Don’t get me wrong- with Amazon you can find everything you just have less options and pay more for them, and if you need to replace something same day in a pinch you could be SOL. I

I'd never shut off utilities,, but I have heard of :  turned water down to a trickle,,,,pull several breakers,,, and turn heat down to the bare minimum... 

Kurt might be looking at the same PPM I have.In this particular PPM, it statesSeries A Preferred Units (“Series A Preferred Units”) and Series B Preferred Units(“Series B Preferred Units,” and collectively with the Series A Preferred Units, the “Preferred Units”or “Units”)I read it as both A/B are holders of Preferred Units.