With the purchase of this property alone (which needs less than $2,000 of work to become my place of business) my income will automatically double as I will not be paying half to another shop owner.

Careful, they automatically apply it to things in your cart for whatever you buy (they’re not discerning what’s building materials for you).

If anyone has any suggestions on how to get up to speed with everything please let me know.

Things to consider when choosing a SDIRA custodian are customer service, knowledge, experience, and processing speeds, as they will be integral to ensuring that the investments you have chosen to self-direct are facilitated efficiently.

The U.S. as a whole will fare no different, and I'd bet the same will be true for the UK.That said, I believe there are two undeniable advantages to holding rental property in the U.S. vs. the UK:Relative ease and speed of eviction (~45 - 60 days in Georgia vs. 5 - 6 months in the UK)Continued weakening of the pound in relation to the dollar

Investing out of state necessarily means hiring a property manager, which automatically translates to “lost profits” you could have kept if you would have managed them yourself.  

I have a dehumidifier running 24/7 with an automatic pump. 

Now that could very well be local, but the good $xxxx you need to look for are not automatically good, just because the property is local. 

You can learn an encyclopedia's-worth of information, but none of the education quite prepares you for the actual first purchase.Comparing BRRR to Flipping, I gravitate toward buy-and-hold investing because I want tenants paying off mortgages for me, doubling the speed of growing my wealth, however it is likely my next deal is going to be a flip, because I need the "quick" infusion of cold, hard cash.If you can financially swing a BRRR, consider the longterm benefits: it's essentially a flip that you sell to yourself.1.

To avoid confusion going forward, we changed our brand name to REI Nation in January of this year as it better reflects the fact that we are now operating in seven different southern and midwest cities.