exhausted?)

I keep in reasonable regular contact with guests before their stay but I will not provide access or location information earlier than an hour or two before their stay, as I have had people show up before guests have left and before cleaners have finished.

Hey Mark,I’ve been there....stuck with a property that felt more like a money pit than an investment.

Even if the tenant owes the money, dealing with these kinds of tenants can be exhausting, which is likely why the tenant is acting this way: she wants to wear you down.

It will cost you to access/use it.100% equity means you are paying full price for the property.  20% equity means you are buying a property worth 5 times what you are paying for it.As your equity increases from appreciation, it increases 1 dollar for every 1 dollar of appreciation...which means the equity is losing value.If you take all your cash and buy one property all cash, you get one property and one source of CF.If you take the same cash, at 20% DP, you can buy 5 properties...meaning you have a total PV 5 times more than an all cash deal. 

With DSCR loans the best you'll find is 85% of purchase but the rates are so much higher than an 80% that you'll likely be going with 20% down and that program will be based off FICO score and the cash flow of the property.

Hi Nathaniel - Given that it was caused by a water leak and might be seen as a necessary repair, you can try to classify the expense as a repair rather than an improvement to get an immediate deduction.

I would have really liked to invest where i live, but Minnesota really does not have the price point for neighborhoods that will help scale Brrr.As I am just starting out i would like to start in zipcodes which are not already exhausted with Brrr investors. 

Steve: If you are going to bid on an Ohio Common Pleas Court  foreclosure, the process is pretty safe because the foreclosing lender has to include a "PJR" which is actually a "Preliminary Judicial Report" which is a title report and include a commitment for title insurance should the bidder be successful and the property to be conveyed.This differs from a liquidation auction by a lender, private auctioneer, receiver (other than an actual foreclosure case) where you might be successful but the property has pre existing liens that don't get swept away by the foreclosure case.For your first one of these, get a lawyer to advise you.

Moreover, you'll receive more favorable terms/rates utilizing a primarily home loan product than an investment loan.