I want to make sure that it makes sense before I make my final decision.

Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators Please let me know if I can help, and best of luck!

Finally- if someone insists on you signing a contract with them the first time you talk, move on. 

Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators Please let me know if I can help, and best of luck!

The total process from serving a 5 day notice to trying to get the tenant served to again trying to get the tenant served to having the court date to getting a writ of possession and finally getting on the sheriffs docket.

We refinanced both properties at an 80% LTV and now we have $50,000 ready to purchase our third property (which is going to be a big daddy cabin in the mountains).IN 2020: We plan to purchase 10 doors (one cabin, a 4-plex, and then a 5-plex, putting our total properties at 12 by the end of 2020).To break it down a bit further for you, here’s what the final numbers looked like after 2-years of renting in Washington, D.C.—————————————————–$220,000 / VALUE OF RENTAL PROPERTIES PURCHASED-$70,000 / PAYMENTS STILL LEFT ON RENTAL PROPERTIES——————-+$150,000 / EQUITY AFTER 2-YEARS——————-+$50,000 DOWN PAYMENT FROM REFINANCE FOR ANOTHER PROPERTY——————-$200,000 / TOTAL EQUITY OF PROPERTIES PURCHASED-$44,000 / COST TO RENT A HOME IN WASHINGTON, D.C.

Then after the year is up i would move into the final unit and do the same reno and eventually move out completely. 

It took a very long time but we were finally able to sell that property for a nice profit in 2017.One important distinction is that the cause of the last recession was the real estate market bubble bursting which caused prices to tumble.

At the end, I will make a final Checklist using all the inputs.

Bonus depreciation was increased from 50% to 100% for property placed into service after September 27, 2017, and before January 1, 2023.And finally, affordable housing has never gone out of style.