Huge fan of value-add properties.

Hello BiggerPockets Community,I have been a huge fan of this real estate community and wanted to share my most recent experience.

Hello BiggerPockets Community,I have been a huge fan of this real estate community and wanted to share my most recent experience.

I am not a big fan of property that I don't have complete control. 

Look, no offense to you and your friends but when the $hit hits the fan is not the time to figure things out.

You give them the W2 and the 401k match and all that in exchange for them being a captive vendor).

Typically for radon you would run a test for it, then if the test came back positive you would install a basement mitigation system for ~$1-2k (pretty much a fancy fan that vents your basement). 

@Cheryl Hewitt Regarding mortgage, you can get Conventional secondary market fully amortizing financing on 1-4 family, you will need 20-25% down, as well as 6 months reserves for each financed property. even with fully amortizing loan im not a fan of 25-30 years, my philosophy is if you cant get good cash flow on 15 years its not a good deal. again this is my philosophy, the great thing about real estate, there are a million ways to do it and all of them can work.   

I'm not a fan of paying rent so a live-in is the best option to me.

I just am not a fan of the uncertainty of the situation where I'd be gaining a year plus tenant with a bit higher rate.