Purchase price: $1,950 Cash invested: $3,000 Our location would not be considered a vacation area, but we tend to be a pitstop for folks traveling in and out of LA... normally related to flying out of LAX or headed up to Big Sur.

Have a friend that bought a small apartment building in Bay City that performs well - despite the challenges of dealing with a small mom & pop property management company.Some of the challenges they tell us about cause us to just shake our head and wish we operated up there.Our friend tells us that there aren't many PMC options up there:(

@Matt Owen thanks for the heads up.

I have used Turbo Taxes for years to file my personal taxes, so I am very familiar with the platform, but just concerned that I'll be in over my head with filing taxes for my rental property.

Did the brokerage get in over their head trying to expand while the market has been so busy?

Cannot find the precise question in the forum so, I will throw it out there.  When we closed this year on a long term rental property (after rehab) we bundled the closing costs into the loan.  Since the closing costs ...

Sheesh... the response I'd prepared in my head changed when I got to the part explaining what his "past" was. 

Thanks for reading have a good day and happy holidays to all REI heads

He recently gave me a heads up on a distressed seller neighboring a property he was working with, and let me know of an uptick in certain bankruptcy proceedings that may help me find new sellers, Networking!!

Thanks for the heads' up.