Investment Info:Single-family residence fix & flip investment.

Investment Info:Single-family residence fix & flip investment.

One of the big benefits of buying the whole thing on a fixed rate loan is that one of your major expenses is fixed for a long period of time, including the cost of the land. 

Even if you filed bankruptcy you will still rack up debt again if you don't fix the actual issue

And, be sure to reinspect the property to ensure that the problem has been fixed.  

If you like your job, and your goal is to create long term wealth through equity then keep the property, fix it up over time, and in the future you will be able to rent it out for profit.

She denies and keeps texting me every day to "fix the furnace".

Have a few arms due in about 5 years..those I will finance to fixed rate as rates lower. 

Once a tenant is in and they sign a year lease, there’s not too much to worry about aside from the occasional fix here and there.

In a situation where you were doing an arbitrage (renting it from the owner, then yourself re-renting it to someone else) your costs to renovate/fix it up while you're using it would be able to be capitalized and depreciated by you once your rental was in service (available for rent to others).