Wonder if I should leave the owner a note to increase my odds or personaly deliver my offer to the agent's office.

Most planners these days recommend clients withdraw no more than 4% per year from their portfolios (starting at retirement and then increasing indexed to inflation) if they want to have a high likelihood of not outliving their investments.

I've also been told that positive cash flow rentals do not increase/worsen the DTI ratio.Larry

I have a few reasons for hiring the 2 property managers I currently have, but an increase in liability protection is not one of them.

The previous owner was undercharging on rent and utilities and I want to increase it.

I can't tell if you are adding additional structure to increase the square footage or if you are getting that from the basement finsih out.

Kelly I looked at recruiting agent for my firm years ago.At one point I did an active campaign and had about 45 agents at my firm at one time.I have found most agents feel entitled or won't follow the steps you tell them to be successful.They will skip some steps because they are lazy and want to "get rich quick" like the rest of the population which is why so many fail.If I add an agent say on a 70/30 split then I have to take time from my own deals where I make 100 percent to make 30 with them.The training and getting over their mindset takes so much more time than me doing my own deals.This is why I have only 7 agents right now.I got rid of the rest.Many companies try the 100 percent model but you get either new agents having no experience,part-time agents who are rusty,child support demands,irs tax liens,license lapses for education and or non-payment of dues etc.It is a huge headache to keep up with for a low return.If you go the other route you can train new agents for a fat split before they leave the business or train a select few agents that you want to feed leads to on your team.I just focus now on my own investment purchases and my own commercial listings.

Mitch - We're updating the images system and some images that are of the PNG format are still populating over.

Not if the city has lost 30% of population and has no interested renters.

Yes Tony a TRUE Triple Net the landlord will not pay those costs.Lately net lease companies especially credit rated tenants have been more demanding in trying to get the landlord to cover some costs.It is very important to look at the length of the lease and terms and escalations.With inflation if the rent increases every 5 years is marginal and they want you to take care of certain items with the property it can drastically reduce your returns.It's all about what returns you are seeking versus the security and consistency of the payment.Generally triple net will hover around the 6 to 9 CAP range but will not approach the teens in most situations.For those kind of returns you have to usually chase after value add deals but they are much more work than mail box money from a credit tenant.Credit tenants have risk which is why you also research heavily the health of the tenant today you are acquiring the lease and their growth plans for the future along with reserves.