We have found it to be most cost effective to just order the concrete truck.

Track income with rent, other revenue, and vacancy rates, and calculate effective gross income. 

§ 44-5101 and House Bill 2747, which went into effect in 2022.

However, with thoughtful management, there are ways to make it a profitable venture.To increase profits, you might consider focusing on maintaining high occupancy rates.

It’s not comparable to long-term, fixed-rate mortgage financing.With rental properties, tenants effectively help service the debt over time.

If you partner with someone who has proven results and communicates well, a JV structure can be a very effective way to deploy capital while learning the business from the inside.

Foreigners have to be mindful of ECI(Effectively connected income) and FDAP(Fixed Determinable Annual Periodic) when invested in the US.You may need to apply for an ITINYou may be subject to FIRPTA if you sell the propertyYou may have to educate yourself on estate taxes if you pass away while holding onto the property.Best of luck

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to, “Maintain to the Neighborhood”.Why is that important?

I completely agree that maintaining conservative assumptions on vacancy, CapEx, and turnover is critical to avoiding unnecessary risk.

But we don’t maintain the tree.