Sometimes, we tax professionals can save you a lot of money or save you from a major problem.

We utilized the down payment program and use our own money to fix it up.

@Olivia Blake how much money will you potentially lose by strong-arming a tenant and then having them break the lease early - or even just not renew?

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

Looking to hire a professional to help with my taxes this year, i've always done them myself but fear I'm leaving money on the table.

If none, your losing money, on either the existing or potential.3. 

You may not even need an Electrician, a good Handyman could do that....How much money are we talking about here?

Hope you don't put down large earnest money deposits... these guys will make sure you lose them! 

If you find you are unable to raise the money for an all-cash purchase, switching gears to Fannie will only work if you have a LONG time to close in your PSA or have many extension options (which usually require more hard earnest money.)

Also, I’m pretty new to this but I’m assuming you’d have to have an LLC in place to accept hard money or money from private lenders?