Hi Felicia - For high-wage earners, the ability to use rental losses (including depreciation) to offset W2 income is limited.

To me, this is a cost that won't "add value" to your BRRRR, so I would more strongly consider how much it might impact your ability to rent the unit/house.

Foreclosure should be the last possible step because it will take away you ability to finance any real estate for several years, even up to 7 years for owner occupied programs with good terms. 

I use a very usefull method to determine if I would invest in an area .   

Hello @Roberto Rohann,Some lenders do not run municipal searches so some of issues mentioned wouldn't affect your ability to obtain a loan for the property. 

Being that you already have property management experience and feel confident in your ability to manage a single-family or multifamily property, it really comes down to your financial position.If you have a good amount of cash available to put a down payment towards the purchase of a property and maintain sufficient cash reserves (or if you have a partner you can work with who does), then there's nothing wrong starting off with a multifamily property. 

These are not typical life insurance policies.If the down payment comes from an existing asset whether it is money from money market, money from savings account, money from CDs, money from heloc, money from selling stocks, money from stock margin, gift from family, money from life insurance it does not achieve a 100% LTV with respect to determining return.  

Our ability to compete is much better than the cultures in Europe, Africa and South America. 

With your current knowledge base you are not in the position to determine the "shortcomings" of any law firm or come to the conclusion they possess a " lack genuine expertise".

To determine what to offer on a rental property:Determine reasonable market rent, NOT the highest!