Right, sorry I thought they were looking to revamp the existing laminate and most likely the cost is about the same and going the extra step really makes it pop.

Purchase price: $225,000 Cash invested: $55,000 Sale price: $1,395,000Develop a mixed use building consisting of 32 micro housing units and 2 ground floor commercial spaces.What made you interested in investing in this type of deal?

When your tenant has been consistently late in rent and is clearly in danger of eventually being served an eviction notice, they said you should take them out to coffee and warn them of the dangers of eviction, and suggest they move out.In general, and here in Portland, OR in particular, that seems like asking for a lawsuit.

Consistency is key and give it several meetings to start feeling comfortable and start learning.  

Some things just take time to get resolved and in addition you are taking extra steps like putting some window a/c units in place.

If you were to invest the 100K to buy an investment property, the extra cash from that investment can be used to pay down your home. 

My portfolio currently only consists of an ocean view coastal hectare situated in Chile. 

Under the hood, as an investor, in terms of monthly taxes, based on the above:Good scenario - $140k*.06 (investor v owner-occupied)*.5 millage = $4200 annually or $350/moBad scenario - $230k*.06*.5 = $6900 or $575/moTerrible scenario - $260k*.06*.5 = $7800 or $650/moAs you may imagine, these numbers make or break cash flow potential.Also, an extra credit question: let's say you answer the bad scenario.

You can get a Federal EIN and open a business checking without being an LLC, but there's really no upside unless you want to use a DBA rather than your own name.As far as cards, I just switched to Costco's Visa, 2% cashback and 2 extra years on warranties.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.