Finding the right property, checking its worth, making connections, choosing good renters, looking after the place, and keeping money aside for surprises are key steps.

There are great agencies out there that let you keep 100% commission and you may have a nominal monthly fee based on your commission.

Also congrats on building your real estate portfolio while keeping others in mind, too much greed in this business sometimes!

It means that your cash flow is so great that you cannot offset it with tax strategies.2.

This means that the electrical is likely made from copper and is grounded.Running new ground wires and fishing wires behind walls can be very expensive, so having electrical that is similar to today's code is a plusProperties in this era also had ductwork - meaning forced air heating and cooling.

Other than rent issues, he keeps the house very clean and maintains the property decently. 

I'd recommend keeping it in the bank until you have learned enough to make intelligent investment decisions.Personally, I would do the following:500,000 - Gold, Bitcoin - Always prudent to hedge your bets.1,000,000 - Cash.

You should keep a 10-20% margin per clean depending on the market. 

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Hiring the right team members is always challenging, as is keeping them (lots of turnover).