While I agree these are not big issues, in totality, they did not do a great job treating your property well.  

If we have to pay for housing anyway, we might as well make the most of it.

Hi all,Been a BP pod listener for the last few months and am pushing myself to be more active here as well.

I like this idea because it rewards the tenant by allowing flexibility with their rent payments and rewards me with a bit of extra cashflow. 

I invest in the suburbs now becuase I know the areas well enough and feel confident in the values and when I can spot a "good deal."

Hi Nicholas, I just listed my 1st rental property as well (located in Henderson, NV).

Proforma GOI (market): $120K ($1K/month)NOI: $78KCAP: 5.6ARV: $1,392,857Refinance 70% LTV: $975K loan amount less $560K balance = cash out at $415,000. $415K less rehab costs at $200K (20K/unit) = NET $215KYou would pay a % of the future value in this example, you certainly (and neither would he) wouldn't pay $1,392,857 for an asset generating $75K per annum, understanding that the value therein would be offered at a 3.2 CAP.

You have a great situation that has allowed you to operate with no financial exposure. 

Together that 560kbwhich is way more than va allows.

Open to other suggestions/ideas as well.