Quote from @Gabe Chase: Quote from @Joe Prillaman: Easy!

@Joe Villeneuve @Theresa Harris, thanks a lot for taking the time and provide some info/ideas/suggestionsTo give you some color for these properties, there is a 15 years-plan that my wife and I are planning to have arround 5 to 7 properties in the same $$$ range (-+ $200K) that we can rent them around $1600-$1800I believe after 10 yrs, I am expecting to a better cash flow considering some loans will be paid in full, but maybe the next properties will have as you suggest 30 year-loan. 

The peak season is during the summer months, between Memorial Day and Labor Day.

Hi Joe,I think going with a LOC is going to provide you with more flexibility than going through the process of obtaining financing for a purchase transaction.

Quote from @Account Closed: I would say.. can you save the tub and re-glaze and redo the tile on the wall can save you $1,000 or more just on materials and labor..

The current real estate environment that we've been in for the past several years hasn't presented any opportunities for deals like this.Because of the above bullet point, my real estate folio is kicking off a ton of profit each year which is fully taxable at ordinary income rates for me with federal plus state that means 42%From day one we've always self-managed everything, and built a great team of sub’s and handymen in every area, so that I’ve never had to do any labor.

Quote from @Joe S.: Well, what do you think about people that make a slightly educational post then have one of their VA’s on a different Bigger pocket account ask a question about the services that the OP provides and the OP makes a layout of the services they offer?

I'll second @Joe Villeneuve - why?

And I seriously doubt any non profits are money laundering, but then again neither is Joe the Barber LLC or Betty's Property Management LLC (which, especially if they are Single Member LLC's--which flow to the 1040 without any tax return for the entity--are already identified to the government computers at the IRS.If you want to swim with the big fish you have to get wet.Maybe the resident agents will offer to fill this out as a service for $50 to $100 (???)

Quote from @Joe Scaparra: @Tim Holt, Yes INDEED house hacking is the best option for most 1st time buyers.