That 50% figure does include both vacancies and large capital items like roofs and heaters.

s_cid=Email-1There are some items in this article that I have VERY strong feelings about.

Many people ask how we got to where we are and the number one item we can think of for an answer is we did not let other people control our money.

Germany between the wars and Brazil or Chile about that same time are cited in the textbooks.Consider what owning rental real estate would be like under the onset of hyperinflation.If your tenant had just signed one year leases, and your debt is adjustable rate, you would notice that your margins would shrink as the items that you purchase frequently (supplies, maintenance work, property management services, etc.) would increase in price.

Having third party assistance is crucial and even an investor as experienced as myself uses them.I am not a wholesaler by trade, but a buy, fix, and flip guy (at least right now), but do on occassion wholesale one of my deals.When I plan to acquire a property to flip, I almost ALWAYS get a home inspection as two sets of eyes are better than one and there is certainly some items I could miss upon initial walkthrough.

I love posting these off the wall items and seeing the replies.

They'll do a one or more of the items but not all.

These 3 items would be used across the 7 properties I own so how would you note that on a schedule E come tax time since its used across the board for the overall operation of the business and not linked to a specific property.

One you have these items it will help get the lingo down for deals, understand the underwriting and so forth.

You’ll get an appreciation for what goes into the work so you understand why certain items are so expensive, and you’ll also be able to better recognize when a quote is more than it should be.