When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

Cash is king when it comes to buying homes in the wholesale market, and this rule also applies to many other scenarios.

We applied to section 8 for an increase and they said they would pay $150 of it. 

This applies to listing a unit for rent, qualifiying leads, the administrative side of showing property, screening tenants, and leasing.

Yes I believe so,As the US cycle of austerity begins to show up in the economy, we’ll see (as we do now) policies that’ll not only increase taxes but apply “taxation by other means”.

Your brother-in-law’s 10% ownership won’t affect your ability to claim this exclusion on your portion.Unfortunately, the option to roll proceeds into another property (like a 1031 exchange) only applies to investment properties, not personal residences.You’re likely eligible for the exclusion, but I recommend confirming with a Tennessee tax professional for any specific state tax issues and to verify your status with overseas residency.Let me know if you need more guidance on this or related financing!

These are all valuable tips I will apply on this journey. 

This is the portion of your payments that is applied to reducing the principle on the loan versus paid to the lender in interest.

@Srinivas BondadaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Same applies for someone on welfare, if they do not meet your screening requirements they simply do not qualify.The sole purpose of setting screening standards is to denying applicants based on those standards.