I am so close to being covered on average. I still need to worry about insurance so can't retire just yet. I also want to double this so I am completely covered in case half the properties go to $hi7! :) LOL

I know this is not what a hardpull would be, but still pretty cool.

Hello all, Fernando has joined our merry little group. He is a co-living lender who has been in the game a while. Say hey and see what he is up to? :) @Fernando Corona

Wow 100 people in the group. When I started this I thought it would be just a few of us odd balls doing rent by room and sharing what we learn along the way. I know most of this group is me posting things as they come up. I hope some of this group helps folks if they are interested in this strategy. Let me know if you wanted to see something in particular. Thanks all, Jarrod

Quick recap James and ReiJarrod discussed their experiences with real estate investing, focusing on operational challenges and strategies. ReiJarrod shared insights into managing properties using platforms like TurboTenant and PadSplit, while James detailed his transition away from PadSplit to a more automated system using Microsoft Teams for tenant communication. They explored the potential of adding extra units or converting existing spaces into ADUs to increase property value. ReiJarrod highlighted the importance of data tracking, sharing his experience of using ChatGPT to analyze tenant communications and operational hours. They also discussed tax strategies, including cost segregation and depreciation, and the implications of living in properties for tax benefits. James shared his goal of creating a redundant operational system to minimize personal involvement. Both agreed on the value of focusing on specific market opportunities and discussed potential future collaborations or visits.