We also had an uncle who has been doing real estate help us along with the process.

I don't want to come in empty handed so some things I can offer: (apologies in advance if I can't post this here) My brother's an amateur photograherMy mother and aunt have a house cleaning serviceMy father and uncle do home remodeling such as flooring installations, drywall, paint, kitchen/bathroom remodels, etc. and another uncle who focuses on cabinets and carpentryI hope to hear from you guys soon, thank you!

@Roger Pokorny so my wonders are that I’m looking to purchase, 2 bd 1 bth homes because the average market for rentals in Muncie seem to be at 700 to 800, those 2 be 1 bth are selling for 15k to 30k.

I would walk away with up to $75K cash and of course pay Uncle Sam his share.2.

@Roger Devore it is hard to comment here as we have no idea where the property is or what shape it is in; 3.1% seems optimistic for an investment property loan but you say you've looked at refinancing so it may be a justified assumption

He’s broken the lease by 1 smoking 2 girlfriends dog 3 has his uncle living on property not on lease.

I live in Rogers Park Chicago.Many thanks,Anuj

When you fill out your tax forms moving forward, there are forms that show a simplified P&L for each proerty and Uncle Sam wants tax on the profits, at the rate of whatever tax bracket you are in. 

These are often tenants who have allowed uncle Billy Bob who just got out of prison for drug sales to move in with them without notifying the landlord.Make sure that you follow the requirement for your state on how much time to notify the tenant regarding these checks prior to entering the rental unit.   

@Richard Rogers I’ll message you some people that I’ve used in the past.