Quote from @Moshe Mindick: It’s nice to get the BS, PL, and detailed GL in excel.

And here is my post on finding one: https://www.biggerpockets.com/forums/51/topics/1222774-expla...Nice post!

I think the estimates are crazy low.A $3200 rental is going to be a nice place, not something with garbage paint on the walls.

It was carried out through zoom so it was very convenient- The employee that I had a meeting with was really professional and nice.

However, you are always going to need to reinvest cash flow into your properties to be able to maximize their value, or reinvest cash to to new properties to maximize your wealth over time.  

@Guenevere F. you're going to need 20-25% down to get a mortgage.If you target $100k, that won't leave you any funds for closing cost, maintenance or emergency reserves.You could try targeting around $80k, but the $16k-$20k down payment would still not leave you with enough.If you buy under $80k, you're probably buying such a low-end property that it is unlikely to meet your performance expectations.

If you do a 1031 exchange, you can defer both the capital gains tax and the depreciation recapture, which is a nice benefit.

You will get a bad reputation because they already have lawsuits.Hey Katherine, have had amazing experience with them, just finished my second padsplit and it’s really nice!

Have a nice day!  

Here is a scenario where it all works out nicely.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!