We have been fortunate and had one tenant that has ended up signing a 1 year lease and we will make our investment of furnishing cost back by the end of his tenancy.

Fortunately most of my units are in small towns where the entire town budget is less than $4M so usually there’s not much change to our taxes unlike other areas where I hear horror stories of annual increases of up to 50%.

I was fortunate enough to buy a home in SD California in February of 2020.

Fortunately for us our scale has allowed us to essentially move guys from job to job without a whole lot of lost time in the middle.

When I sold very large computers for a Fortune 200 company, my NDA didn't allow me to work for a competitor for two years.

My whole portfolio is here and following a similar progression of moving up.Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.

The flipper, also a newbie it turns out, was so sure he was going to make a fortune off of the sale of the house with little effort, frivolously spent the money we loaned him to flip and ended up underwater and unable to sell the house for his asking price.

I have to admit I was fortunate I connected with the right people who guided me through the process and I was willing to do the work needed to make things happen and learn.

Have signed up to go to the Fortune Builders seminar in middle October, but would also like to learn from those around my area on how to seriously get started and be successful into flipping houses to future invest into some longterm investment properties.

I am not that fortunate so I prefer to use debt responsibly to grow my assets then I can choose to pay down debt later if it makes sense, Once my required asset level is achieved.