Top 9 pieces of the Real Estate puzzle are:1-Potential for helping others.2-Use leverage to keep cash in your pocket for the unknown.3-Ability to raise capital is unlimited.4-Focus on the controllables and invest smart.5-Long distance investing is over-hyped.6-Requires more cash than you think.7-Get started ASAP.8-Pareto Principle-80% of effects come from 20% of the causes. 9-Don't worry about all the nay sayers: market crash, etc.Thank you to all who participated in our unofficial survey!

Our renters unplug the interior one in when they get there but we have never had a complaint with the exterior, really only shows the parking area so we know when people are arriving and leaving.

As many of you know, they started posting the podcasts in 2013, about four years after the bottom out of the housing market crash.

The vibrant downtown and cultural opportunities will continue to draw in residents from across the distressed state, and the metro area’s population continues to climb at a level that surpasses the national index.Areas like Olde Towne East and Franklinton continue gentrifying, and the arrival of Columbus Crew’s new stadium will likely further boost demand for downtown apartments.

Lastly, subtract the profit for you managing the renovations and you will arrive at some value that will represent your work. 

Should I wait for the “crash” before investing?

@Patrick G.I’m right there with you California is on crash course, it’s getting way too regulated here.

Buyers tend to purchase (pay a certain amount) as a function of the whole, not by itemizing components, assigning a value to each, and adding up the multiple results to arrive at an offering price.

BALANCE SHEET:Assets$73,000 4/1 SFR Liabilities$58,400 4/1 SFR MortgageINCOME (or CASH FLOW) STATEMENT:IncomeGross Rental Income: +$900/monthExpensesPITI Mortgage: -$4438% Property Management Fee: -$7218% Reserves (8% vacancy, 5% cap-ex, 5% maintenance): -$162 (transferred to property’s reserve account)Total Expenses: -$677/monthCash Flow (Income - Expenses): +$223/monthSome people might not treat property reserves as an expense, but that’s how I do it to arrive at a “true” cash flow number.  

We arrived on site (complex of townhomes) and spoke to someone in the office.