Then you can 1031 exchange into a replacement property that generates an even higher cash flow.

The assumptions are totally bogus......they have no expenses for repairs, maintenance, replacement of major items(capital expenditures), vacancy, tenant damages, management, etc.

Hey All - I've got a 58 year old boiler in my house that needs to be replaced and I'm looking for recommendations.

I have picked up high quality second hand couches most times and it helps because I am not replacing them all in one year.

Or two, they think they will be an investor but what they are really doing is just creating a new job to replace the old one they say they hate.Neither of those are wrong.

Galvanized will need replaced at some time, probably sooner than later to the tune of 1500 or more.

There are no other expenses (boiler replacement, rooftop leaks, etc…), other than closing fees and lawyer fees.

Apparently it can also cause the furnace to fail and soot to build in the vents (which would then have to be replaced).

We also make it very clear to the tenant that they are responsible for any damage to the window itself arising from fitting their air conditioner.Many of our retrofitted properties have heat pumps (and hence A/C), in those properties we do not permit window units.We also tend to use casements when replacing windows, which are not conducive to window AC units .... though I've seen folks try.

In my experience, title insurance does not replace a deed.