Each property should have its own P & L so you can manage individual performance.

Meaning, every two or more years strategically move into a home you have owned for some time which has a large amount of equity and maybe not been a great rental performer with the sole purpose of selling and protecting the capital gains from taxes.

In other words, they would not honor the “value” of a new appraisal until a year after closing.Does anyone know of any banks, credit unions, etc. that will perform a reappraisal after less than a year for a HELOC?

The location sentiment seems to be less critical when you layout all the key performance metrics.

Just price it right or you risk a repeat performance.

Good luck, its pretty frothy right now, but focus on either buying performing notes, or non perfomrers and rehab them to performing.

I’m going to have to second the thought that what you are in and looking at is very much required that you are the one performing work.

Lenders that don’t require an appraisal will perform a desktop appraisal but will typically have a very conservative view on the value of the property to protect the company’s investment.

Lessons learned so far:- If you want to hire a management company to handle day to day, make the management fee be performance-based so it benefits both parties.

I was never sure if I just had high standards because of my architecture background, or if indeed, my contractors were performing low quality work.