However, the percentage varies based on factors like location, property age, condition, and expenses such as taxes, insurance, and interest rates.

Regarding the new construction, often this attracts more homeowners.

For pre-foreclosures, reach out to the homeowner directly or through a letter.

I ran the numbers and it looks like our house would not cash flow (between $0 to -$300 /mo) as a rental, mostly due to the astronomical property tax and insurance rates.

Similarly, using services like insurance back office support can streamline operations.

I've seen landlords held hostage for years by tenants who know how to manipulate the law.On the other hand, sitting vacant costs you the mortgage, taxes, utilities, insurance, lawncare, and other expenses.

Why wouldn’t you get an umbrella insurance policy instead?

Do you think your insurance policy will cover you on any liability when they find out you are not running a legal operation?

Wholesalers typically do not carry Errors and Omissions (E/O) insurance, so even if the court rules in your favor, they might not have the financial means to compensate you.Furthermore, ensure that a reputable title company handles the transaction, as some companies may cut corners.

Here are 10 tax tips every homeowner should know:1️⃣ Mortgage Interest Deduction: Deduct interest on loans up to $750K!