That's a pretty nice layout to start with.

New or experienced agents please share your story or share something that interested you and made you want to start RE investing or being an agent!

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

I figured I start in my own backyard Raleigh,NC, the surrounding areas, and go from there.

@Amy Lin - If it were me I would have an experienced attorney start the eviction process immediately.They are probably going to hang on as long as they can rent free as they have the closing proceeds.They might care about their credit if they do plan on buying another place, so you might have some leverage there.

I can start to see some traction back towards the initial downturn in some areas. 

Hi @Richard Pennington this is how I started and I'd be happy to talk you through it!

If the property can be sold with conventional financing I am on the other side of things (and the minority) they seller financing is a bad idea due to the risk and the returns especially when considering tax ramifications The idea behind it would be that I sell using seller financing to continue to cash flow each month at a high effective rate with the amortization schedule and put a balloon after 7 years so that I can collect the full amount once the effective rate in the amortization schedule starts to balance out and not be so lucrative in my favor.I’d love to hear more of your opinion on that idea! 

I want to start a business and I want to use that money towards it.

The current market value of the home is about $645,000.Key Details:Purchase Year: 2020Purchase Price: $415,000Current Market Value: $645,000Mortgage Interest Rate: 2.99%Equity: $320,000Current Monthly Cash Flow: $1,450Return on Equity (ROE): 5.44% (without variable expenses)Return on Investment (ROI): 14.5% (without variable expenses)However, I've noticed some trends that are starting to concern me:- Home prices in my area are slightly reducing, and rental prices are also on the decline.- There are more houses listed for sale and rent in the neighborhood, which is pushing rent values down.- My current lease is up in September and the tenant is leaving, and I expect my monthly cash flow to reduce to $950, lowering my ROE to 3.57% and ROI to 9.5%, again, without variable expenses.- Homes are staying on the rental market for a few weeks, sometimes months, even at lower prices.