At the end of the 5 or 7 years, if I keep the property that long, it's rinse, lather, and repeat. 

To me, this is a red flag.He's trying to keep liberals from wanting to move to Texas.

They also didn't get hit with capital gains on the entire purchase price, which enables them to keep more of their money. 

It is an expense, but they keep it all legal and compliant.

It’s one thing to learn, but turning knowledge into action—mistakes and all—is what separates those who dream from those who achieve.Let’s keep building and growing!

Keep in touch with your lending partners for each one so you can understand whether you need departure residence income to qualify for the next or not.Finally, if you're investing with a Significant other, I recommend considering a "leapfrog" strategy where you buy one, then your partner buys the next, and so on.  

I know it's not the norm but I'm looking to keep this scheme.

The numbers tend to work better, and you’re still close enough to keep an eye on things.As for NYC itself, deals are definitely out there, but it’s tougher.

We're talking about a super active BIA community that keeps me on my toes with all the latest in the world of real estate investing.

Add it to your expenses, call it a day, and keep a satisfied tenant.