I asked our manager about reducing the rent but he said we are asking a fair amount and we are getting lots of interest but a lot of cancellations, no shows, or people who don’t follow through with applying or don’t meet minimum credit score.

But I am involved more in multifamily and hotel resort investing now.  

It typically involves a person gaining access to remaining equity in a home that is subject to foreclosure.10. https://www.legalmatch.com/law-library/article/equity-stripping-lawsuits.htmlAcquisition: The rescue artist convinces the homeowner to transfer the title to their house to them as a way to avoid foreclosure.

This convenience and leverage can justify the higher cost of these loans.Personally, I prefer using a HELOC because I only have to apply once and can then tackle one or two projects at a time.

I’ve been involved in real estate investing for over 30 years, so if you ever have any questions or need guidance, feel free to reach out.

Once they exercise seller financing, the property is sold and all 1031 rules apply. 1031 has specific timelines.

Value adds are always a great opportunity to generating additional more money.If you have extra space on your property, consider applying for an ADU. 

Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.

That's already in the law and applies to floors, windows, lawn, etc.

I just bought my first investment property and I'm already looking out a year from now to start applying BRRR.