2-4 paid off properties in great areas with minimal headache is likely life changing for most people who don't overspend monthly. 

Does anyone know of any active multifamily meetup/mastermind groups in South Florida?

Would love to understand pros and cons of being in Nekoosa, Wisconsin Rapids, Lake Arrowhead, Arkdale etc...Appreciate any insight.

All feedback welcome 

Yep - bought those tapes back in the 90s and listened to them all!

We're in FW, TX, and building duplexes to hold and rent.

I was curious on any insight on the best system that you all have found for your short term rentals?

In fact, since the pandemic and inflation hit, the 2% Rule seems to have all but disappeared in all real estate discussions and been replaced with the “1% Rule” in this tighter market. 

We are all here to help you learn and grow.

To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.