Just shoot me a private message if want to catch upThanks!

All you can do is live in the now (while keeping your eyes and ears open to the news) and go for that purchase.

3.Lastly, what are some big red flags (ones other than the obvious like water Dana he) I should keep an eye out for as I tour each prospective property.Thank you for the help in advance!

There's really a lot of trust that has to be built with the provider because they might not get eyes on it.In most cases, the investor is completely hands off.

@Andy D. 3115 will catch up on all missed depreciation via 481(a) adjustment, not just the three year period

The catch is that she is about 6 months to a year from being ready with financing since she's self employed.

We have a 15-year, 3.2% (IIRC) mortgage with 13 more years to go (we recently re-fied to 15 years to catch the interest rate).  

If I see something that needs attention, I take a snapshot and discuss with the tenant in private.I give my contact info to each tenant and INVITE them to call with their concerns and that's creates multiple sets of eyes on the property :grin:

I mean, you could skip that step, technically, and it wouldn't catch up to you until someone takes your LLC to court, but that's not really a risk you want to take with hundreds of thousands of assets at stake.

My goal is to one day have enough cash flow to be able to easily afford to pay for a $3,000 mortgage on an $800,000 dream home I have my eye on in a neighboring suburb (I know it will appreciate in value) while still acquiring more propertie.