@Joseph Lyons congrats on your acquisition.I would strongly recommend you get the water separately metered and have all your tenants pay their own utilities.

I recommend building strong, long lasting relationships with as many people as you can get on your team as possible.

We plan on making a trip to CLE soon to check out thel properties on my strong potential list.

Real estate is a fantastic way to build wealth, and protect it, if you are careful and leveraged with how you buy, hold, manage and sell.I agree that when starting, you may be better off with a strong single family home rental.

When I was ready to sell my house I hired his wife to sell it so I could get my presence known again and I actually talked to her about getting together with them.

You would need either an emotional reason to sell (like me- I decided I don't have time to be running Airbnbs), or you have a strong negative view of your market and want to cash out, or you would need to be in a market with very low cash flow (where you would eventually hit your Debt to Income limit, capping the amount of total real estate debt you can have).

I’m looking for strong recommendations for solid rental property book keeping (e.g. financial statements and the health of a property month-to-month).

Hi, Tom,To my knowledge, there is no way to access cashflow prior to 59 1/2 without taking a withdrawal (or a loan and I strongly recommend against that) from your 401k .

I waited until they opened each parcel up to offers before I jumped in and made a strong offer.

After the 3 year private money loan is paid off the property will cash flow very strongly.