(Total Portfolio Value: $2,575,000 | Portfolio Debt: $1,470,000 | Portfolio Net Worth $1,030,000) Honestly, the returns are even better than this when you take into account tax benefits, but I'm trying to simplify for an example.Option 2 Pay Off: In this example, you buy a new property every 4 years after the first is paid off.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

If I simplify it and say that every full gut rehab I get estimates on ex: standard 3 -1.5 -13-1500sqft has been at lowest 120k up to 170k which is very high and this is with a level 2 granite and an average 8mm vinyl plank,R-2 replacement windows (standard materials in my eyes) and I know what the estimated material/s costs are, some of the contractors are even providing them which I appreciate but then it’s their labor charge that’s usually more than double the materials costs and I have no way to measure that and make a case to them unless I compare estimates which I’m told is unprofessional.

You can guess that this is horribly simplified from a four hour class.

That's simplifying it, but those are the main things.

I’m going to put similar markets together to simplify things a bit...Downtown Raleigh/Downtown DurhamAt this point, these are established downtown areas.

I love how people try to simplify it to "what goes up must come down".

Originally posted by @Jason Pedersen: That’s a really good, simplified explanation.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

This is a very complex topic, but I want to show one simplified example here:bought a house for $200kheld it as a rental for a few years and deducted $30k worth of depreciationsold the house for $260kyour capital gain is $90k, of which $60k is from appreciation of the property, and $30k is depreciation recaptureIf this house was sold by a retired couple who had no other taxable income for the year, they would still pay zero taxes on the sale!