Ensure that the mortgage is assumable, and confirm that there are no due-on-sale clauses that could trigger the full loan balance. 

Risk that the IRS will challenge it, which is far more likely than with a full-service professional report3.

Property management fees and software subscriptions are deductible, and depreciation reduces taxable rental income.This post does not create a CPA-Client relationship.

Originally posted by @Eric L Conry:I suppose I'm thinking of the increase in monthly cashflow getting rent and not having a mortgage to pay...

The property is located near two colleges, so I’m focusing on student tenants and planning for 12-month lease terms.Do you have any tips or advice for renting by the room?

Assuming:40 hours: W2 job56 hours: Sleep21 hours: Basic daily tasks= 51 hours potential REI time💡 Pro Tip: It's not about finding time; it's about allocating the time you have strategically.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.  

For this post, the long story short is that no cats were on the application but lo and behold, there are 4 cats in the house during my first inspection.

I guess the first step is to make a new post for local investors.

Nice…You can’t offer less for a property full of fire rubble (lead and asbestos?)

Hi everyone,
I’m new to real estate investing and I’m considering getting into long-term multifamily rentals. One thing I’m trying to figure out is how to find good locations where property prices are relatively low,...