I would never own rental properties in my personal name.

Whether or not you subtract reserves for maintenance, vacancy, management, etc. from the annual rent or use the gross amount is a personal decision and I've seen people do it both ways.

but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips)  a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor)  in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.

I personally used business credit cards to BRRRR a deal—no money came out of my pocket.

And North Carolina at large has become a popular pick for both investors and relocators over the last half a decade or so.

i've managed both OOS and in-person and both can be a pain but OOS is just harder for most new investors, period.

If the home was still your primary residence throughout 2024 and not actively listed for rent, it would typically remain classified as a personal residence until the lease began.

Hi I'm gege new to the site starting the Wholesale investment and need help finding seller, where should I brand myself is there an email pitch or a call pitch I can send to seller, like people in foreclosure, or bankruptcy, or late payment and where will I get the ARV, Repair Value, Offer The price that you need to get it under contract for and  where do I get the contract form and if I get a seller and a buyer how do I get a legal person to handle all the paper work for closing.

I think they meet in person, but not sure it may be on zoom - they are not members of MAREI, so I don't have all the info - they do post their meeting on Meetup.And there are a lot of virtual meetings, plus MAREI events on our calendar. 

I contacted the bank and they told me the person needs to go through the regular qualifying process such as income, credit core, employment history, etc.