From Landlord to Investor: Volume 1

52-page guide + Excel Scale Planner: think, buy, finance and scale 1-4 unit rentals.

Most landlords stall at 2 to 4 rentals. Not from lack of effort, but because of predictable limits: personal income caps borrowing, cash goes into each property and never comes back, and time runs out. This book shows how investors break through, with the pros, the cons and the math.

Inside the 52-page guide (15 chapters + glossary): landlord vs. investor, with pros and cons of each path. The seven limits that stop growth. Every key metric (NOI, cap rate, both kinds of DSCR, cash-on-cash, ROE) worked on real examples, including a house a lender would approve that still loses money. A full fourplex underwriting from listing to decision. Single-family, 2-4 units and house hacking (FHA, VA, conventional), short- and mid-term rentals. The financing ladder: conventional, DSCR, portfolio, blanket, HELOC, hard money, seller financing. BRRRR, cash-out refinance, 1031 concepts and partners. LLCs and insurance. Tax concepts explained for education (depreciation, passive rules, cost segregation, recapture), with questions to bring to your CPA. Management systems, fair housing, the 15 most expensive mistakes, and a 24-month plan.

Includes the Excel Scale Planner: analyze your portfolio (equity, ROE, cash-out potential) and compare a landlord path with an investor path over 10 years using your own numbers.

By Kevin Lewis, FAAS Funding. Volume 1 of 3. Educational material only: not tax, legal, investment or lending advice. FAAS Funding is not a lender.