My Start in Real Estate46 years ago I decided to switch “careers” and left international banking and became a licensed real estate broker.

She has about 30 years of experience in that field and has previously run all accounting for several small businesses.

If you pay all cash this is a 5% CoC return in year one.

However, it also shows that the summer 2024 market has been slower so far than last year’s.

Collecting rents is super easy and the bookkeeping features allow me to track all revenue & expenses for each property in a manner that makes filing my taxes at the end of year very easy. 

They stayed with me for two years, paid on time every month, were fantastic tenants, and I never met them in person once.These tenants just moved out and I just had a new set of tenants placed with a very similar situation.

@Rene Hosman I don't but the land in this area is unpredictable with boulders and can be quite polluted from old industry.

i have the current rent rolls & yearly expense report so far. however, i would assume they will require much more. as i have never approached a hard money lender, i would appreciate any advice given. im in texas by the way. thank you

I am new to bigger pockets but have been investing in single family and small multi family for the past 15 years and have grown to approximately 40 doors in Nebraska, Iowa and Missouri.

To my knowledge if you self manage the property for the majority of the year then you can  get certain tax benefits on that property.