Quote from @Lindsey Matejak: @John Warren @Jonathan Klemm @Brie Schmidt thanks all for your input!

You have to disclose all of this when you sell, so you will end up paying your plumber or discounting to your buyer.

With Tiny Homes, a person can get all the upgrades that want like that in a larger home.

But yes; if a rental generates net income after all expenses that is still taxable. 

This is not a one size fits all answer, but bad debt is non-asset based or depreciating assets - , credit cards, medical, buying dumb stuff.Good debt is debt used to make or grow your portfolio. 

(This is what Investing is all about.) 3.

On the 2nd I hired all licensed trades but separately.

@Annwar MataniA few comments that I don't think have been mentioned among all of the replies that are worth considering:1.

Often, I am not able to keep all of my ira funds invested in active loans so I would like to be able to keep the money that is not invested in loans in a liquid "money market" type of fund on a temporary basis.

I like DealMachine because you can literally drive or walk for dollars on the app in real time and all contacts are skiptraced with pro.But, you also want to make clear why you want to find off-market deals.