This is because they didn’t budget properly and rent wasn’t high enough to cover actual expenses (repairs and maintenance, cap ex, vacancy and loss, tenant damage and turnovers, etc don’t expect to have any money left over after all of these expenses are accounted for if the rent is less than $1,500/month). 

I am ok w/having to also pay a few hundred dollars to cover my mortgage if I can’t get $2400 monthly for it.

If you use a property manager, you'll need at least 50 rentals to cover the additional expenses.

The truth is, the odds of being successfully sued for more than your insurance will cover is ridiculously low.

You can have an extra large garage on this level, plus some storage, maybe even some covered outdoor living space.

A ground-up construction loan for a new investor on some vacant land would also be a no-go as you must be able to show successful exits (refinance or sale) from a few projects before that's an option.So, we need to be able to see funds in your account that can cover the down payment, closing costs, and some reserves left over that will allow you to start your rehab.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.

Anything smaller makes it harder to get them washed properly.Check out the Yale Appliance Blog - https://blog.yaleappliance.com/They cover all sorts of topics about appliances.

There's a large content library covering various topics such as creative financing, probate, foreclosures, door knocking, wholesaling, expired listings, Lanza methods, Morby Method, how to comp, and more.

I rely on personal care assistants (PCAs) for daily help, which are fortunately covered by government benefits.

House hacking is when you buy any 1-4 unit property as your primary and rent out the other units or rooms to help cover your mortgage.