It is typically caused by excess humidity (showering or cooking) and can be resolved by teaching the tenant to use ventilation fans and airing out the home once a week for 10-15 minutes.

The tax savings will be around $8,100 per year or $680 per month at a 20% tax bracket.

If I did it that way, the ownership would read [Wife's First Name] & Michael Izbotsky as 100% owner.I'm asking because it will save me from headaches and filing paperwork.Many thanks in advance, and happy Thanksgiving!

While operating as your own GC this will save you money, coordinating can be a bit challenging.Once you have decided the level of involvement you want in the project, just get bids from multiple vendors based on the same statement of work and compare the offers. 

I know that sounds weird, but you build wealth faster on bigger properties due to higher rent prices, bigger loan buy down, tax savings, and appreciation. 

I'm also an IU grad and hit financial independence last year (after 18 years of investing and saving).

see, for example, what this guy did.What I learned after 1 year of house hackinglive there for a few years and save up all the money you can. 

Do you just do a typical loan/mortgage with a bank and use money in your savings account to put a down payment.Just trying to figure out what is the best method to put a down payment.

Proper bookkeeping now will save you so many headaches during tax season and as you expand your portfolio.Best of luck as you grow your real estate business!

Unfortunately, she frequently turns it off to save on electricity, which exacerbates the issue.i have also sent her extra radiator heat so can just plug in , but she refuse to use because she has to pay high electric bill.She complained about the unit's insulation and requested that we install an additional baseboard heater( whats the use if she doesn't turn on the heat) .