I can’t believe how many investors are so focused on buying and not how to KEEP THEIR PROPERTIES or KEEP TRACK OF THEIR PROFIT AND LOSS.

If all of the units are dated, assume a healthy number for regular repairs, and assume at least 1 major and 1 minor appliance to be replaced yearly for the whole building. 

Acquired lot, designed house, obtained approval, managed construction, sold for profit.

It has some value, but the prospects of finding a buyer in that market are slim.As the title alludes, would leveraging this land and using the money to purchase local rentals be a profitable venture.

Consider him to be your next/only tenant when screening.It is a major newbie mistake to only consider the qualifications of a existing tenant when taking in a additional person.

Family friend or not, the vast majority of agents only know what retail buyers want, they wouldn't know a good investment if it fell in their lap.

Also how do I know if A property is profitable or not?

In order to do a major repair to the sewer line and electrical panels, I decided to end leases to all tenants in 30 days.

The comps and the neighborhood have to support it also but I totally could have done a typical flip and made a generous profit as any flipper would but I couldn't live with the quality that it presented itself.

Getting renters this time of year is a major pain.