Do you have advice in terms of determining rents for individual rooms (I realize this is a bit more of a landlord oriented question).

What else helps cash flow is if the triplex units are individually metered for utilities.

Are there any ideas that successful individuals can help me out with that have helped them?

Also, if you do need help somewhat infrequently, you can easily hire someone individually for part time which will be cheaper than management and also has no contract.

I look forward to hearing about your success as you continue to have success.Feel free to reach out to the group and or me individually should you have any questions.

Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

Does anyone have a cost estimation on what it would take to split water and electric into individual meters on a 4 plex, for example?

Individually?

I find it useful because the format is simple to review, easy to modify and the calculator considers 1) property annual appreciation 2)rental inflation 3)bank deposit int rate 4)general inflation 5) individual marginal income tax rate etc.

My attorney recommended that I setup the following entity structure:1) Holding Company LLC 2) Management Company LLC3) Additional LLCs to hold the actual properties purchasedThe way my attorney explained the above setup was that the Holding Company LLC in (1) would do nothing more than own the individual property LLCs in (3).