By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.

Feel free to DM me if you want to schedule a chat.

Maintenance Plan:Create a maintenance schedule to keep the property in good condition.

In other words, don't fight your house fire with email.So... it is all about managing expectations and then making good on the promises.We find that scheduling meetings solves about 99% of the issues... but it takes two to tango.

Hey Jean, no hard rule to this but with properties I've sold, I always think it's best to communicate with your tenants to get ahead of any potential issues.1) Potential buyers will likely need to walk the property, so you'll have to schedule with your tenants.2) They might see the house on Zillow, Redfin etc and think "Am I going to get kicked out?

With that type of starting capital, you'll have some space to scale 'relatively' quickly, but start with one, maybe two, and familiarize yourself with turnaround times and payment/draw schedules as you go. 

Here’s why:- unless you strategically reported your taxes as making 100% income and not reporting an entire loss on your schedule e - you will most likely not find a lender who will qualify you for a HELOC.

Love to schedule a chat if anyone has some time, either virtual or in person.

I would ask the lender you applied with to disclose how they calculated your DTI... sometimes they fail to add back in depreciation or deduct costs from your schedule E like tenant turnover, improvements, etc. that shouldn't be included in the DTI calculation. 

Luckily, I've found one that's willing to work around my schedule—$10 an hour for 5 hours a day, 5 days a week.