Purchase price: $160,000 Cash invested: $45,000 My parents my wife and I own the property next to this one.

Contact my friends at HomeHop Property Management. www.homehoppm.comTalk to Dan, they have a in house designer, who you can hire. 

Quote from @Vince Abernathy: BRRRR Strategy - First property....

I’d like to discuss it with a realtor, but I’m worried that if I disclose the deal, the realtor could bid against me on the property.

Spoke with multiple credit unions and they mentioned a rental property needs to show at least two years of rental income in order for that income to be counted into the DTI ratio. 

There is a lot to consider before you buy your first property.  

I use a property manager there. 

We are a boutique firm in Chattanooga and every agent in our firm is personally involved in either real estate development, owns investment properties or flips homes. 

Quote from @Crawford Peay: Hey just wanted to jump on here and introduce myself My name is Crawford Peay, I am located in Memphis TNI help investors buy and sell properties along with managing their portfolios in Memphis and the surronding area!  

The whole house needs to be remodeled due to lots of wear and tear and being outdatedI am planning to use a HELOC on my current property for mostly all the repairs.