I'd like to join REI meetup events here but haven't yet.Thanks again,

The best way to explaining this is for you to download an IRR calculator spreadsheet or build your own simple one and play around with one.For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.

In any event, thanks for the thorough response.

Should be a great event. 

Might be worth taking a look at.CarolI've been to their Ultimate Partnering event in Boston a few times.

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion

It's still a relationship business.Therefore, you need to attend the events and conferences where they congregate. 

Hello,  I'm new to BP and was wondering if there any events or gatherings taking place in or around Melbourne, Fl where someone like me (novice investor) can meet others and grow as an RE investor? 

@Lee Falkenhagen If you are referring to residential multi (2-4 units), then in additional to the ones mentioned, you should go to local REI networking events and connect with wholesalers to get on their DLs.

You seem to be too tentative with your PM if you are allowing them to not do what you have asked them to do.In the unlikely event that a tenant does not agree to a rent increase, I would wait until March to notify them that their lease will not be renewed so that you can have them out by early spring.