I've seen duplexes that you can make into 4 bed and 3 bed units, which could lead to just as good or even better gross income than some smaller three families.

So I gave him his three days to pay up rent notice last week.

I have three Luxury rental properties that we’ve paid roughly 30k in interest and another 24k in taxes on... my tax guy said he didn’t need the statements because it no longer makes a difference for deductions.... does this sound right?

Step three, based on decision, go back to why u wanted to get "THAT" HOUSE Over others.

I believe the best option incorporates all three approaches, in the following sequence:Connect with knowledgeable local investors to quickly get a sense for the many sub-marketsBuild a core team of capable professionals (PM, inspectors, contractors) who are goal-aligned with you and also have no conflicts of interest among themselvesDo a single small deal to establish a work process for the team and get a minor win.Make strategic visits, not to inspect rehab work but rather to strengthen your relationships with your core team.Do more and larger deals, adjusting the team as necessary.This is exactly the approach I'm in Lubbock, Texas today and would love to compare notes with you.

So...I decided to do three cash outs in the last 7 months to expand.

We are focused on our retirement and our three young children’s futures.

Assuming that you have to pay taxes, closing costs, realtor fees, etc, and you are left with 300K to invest, here's how I would invest it in the Denver market to achieve your goals:I would buy three large single family homes (6+ bedrooms, 3+ bathrooms) with basement apartments with separate entrances that cost between 400-450K with 20% downpayments in Westminster, Lakewood, Englewood, Thornton, or Northglenn, also, these houses would ideally be separated from the top and bottom (ex. 3 bedrooms 2 bathrooms upstairs, 3 bedrooms 1 bathroom downstairs), so you could rent by the room for a premium on the top rooms, and rent by the room on the bottom rooms or rent out the whole bottom unit to a family.

Before this deal I didn't know anything about Auctions, Tax Lien Sales or Tax Deed Sales, I wanted to help out a friend of the family so I did my research on all three and just found it fascinating that you could acquire a property for just the back taxes.

I have three rooms I rent at $700 each for $2100 a month if I rented the entire unit out, I think the most I would be able to swing is $1700-1800 a month.