When we underwrite deals we never make a decision to buy or not buy (or set a strike price) without thorough underwriting on a very granular level. 

If I ever did anything that triggered capital gains I would probably set 30% aside in a savings account just in case. 

Therefore, print that out and set it on your desk until you are ready to mail it out with this invoice.

I'm 30 years old and I feel like investing in rentals would really have me set towards a much earlier retainment down the road.     

Hiring a PM at this level isn't too efficient, but it allows you to set a standard of what to expect from your PM (if you decide to get one in the future to manage your large portfolio;) 2) Great for learning the rehab.

I can set reminders and what not to remind myself... but I was curious if anyone had utilized something like Excel to track their communications with people.

If you evict and are sued, you are at the mercy of the judge who hears your case and their interpretation of other judgement and precedents that have been set.

I need to set some goals to make sure this happens in a reasonable period of time. 

Hello BP, looking for some perspective/opinion on which route to take with $50K cash with the goal of long term buy and hold: Pay cash for a BRRR - $50K Purchase (finance) two $100K properties - $50K down payment (in total)For simplicity, assume my numbers/deal are spot on and the cash flow in both scenarios is the same.Pros of 1 BRR – Left out the R for repeat...as I would hold on to the property - No loan, one property (with same cash flow) – slightly less maintenance as only one set of mechanicalsPros of 2 financed properties – Leverage, mortgage paydown by tenant, more potential appreciation (2 vs 1 property)Cons of 1 BRRR – less rehabbed (just rent ready) vs 2 financed TURNKEY propertiesCons of 2 financed properties – lower cash flow per door, paying additional (taxes, insurance)thoughts?  

If you want to be proactive, set up an access panel from the get-go so that when something breaks a plumber isn't rushing around with creating an access point, since you have a panel that was set up at a leisurely pace X years prior (no guarantee that your plumber will be all that great at putting siding back).