If you fix up a property top to bottom with an FHA 203K loan, your ongoing maintenance cost should be manageable.  

My investment is still currently ongoing, however I have been paid very month.

That is a pretty hefty ONGOING fee to pay for the advantage of raising money from non-accredited investors.  

Afterwards I plan on going into the bigger profit margin areas of course.

@Brandon Hall, if the excess funds were deposited in a segregated account, and then used to pay ongoing expenses for the property, or later capital improvements on the property, would it then be correct to deduct the interest on schedule E for the property?

We've got another situation ongoing where we actually had a first position lien, sued for damages, were awarded a FIFA lien against the owner, foreclosed, owner declared bankruptcy, and we're still going after it... almost 3 years of litigation and 5 figures in lawyer fees to get paid from one job.So, in conclusion... perform->pay doesn't hold much interest for me.

As a newbie I hadn't thought of turn key in those terms, I was more focused on the property itself, not so much the property as an ongoing business.

Like Roy said if the post is moved out of order, it will likely be out of context to the ongoing conversation.

Hi @Jonathan Moerdler, check out these 2 on-going forum threadsFlipping in the Tri-state areaHouse Hacking 1-hr from Midtown

Make sure their rent is sufficient enough to cover the added ongoing expense. 3.