The additional amount in yr 1 was to help decrease the initial downpayment-Tenant responsible for all maintenance (but I did purchase them a home warranty to use) How does this work from a tracking perspective?

By best suited for section 8 I mean they are far away from our other rentals so it would be nice to not worry as much about having to track down rent.

Contact the CS Outsource answering service team that does our late-night support.They help with 24/7 emergency support, overnight coverage, troubleshooting issues, dispatching approved vendors & local staff, tracking and managing maintenance work orders, and other back-office tasks.

Withdraw your 401k, pay income tax, pay tax penalty, lose opportunity of compounding interest etc - you're taking a huge L out of the gate here Do you have a track record of success?

Even if you can track down their bank accounts, you can file the garnishment once and collect whatever is in the account.

If you can't locate a GOOD PM with a proven track record, then you should discard that market no matter how promising the deals look.

You'll either have to convert the house into a legal duplex by getting permits from the city or you install an electrical panel split so that you can track each units/bedrooms of their power usage.In terms of lending world and being to use the rental income, the property needs to be a legal duplex meaning title must be shown as a multifamily and not a single family in order to use the rental income separately.

If yes then I’d say you have a chance.Ground-up construction work qualifies as a real estate activity, but you need to carefully track your hours to ensure you meet the IRS criteria.

Happy to make an intro to our answering service team that does our late-night support at CS Outsource.They help with 24/7 emergency support, overnight coverage, troubleshooting issues, dispatching approved vendors & local staff, tracking and managing maintenance work orders, and other back-office tasks.

Additionally, I've thought about going in on some properties and flipping with other people that I know have a track record of working on multi-family homes.About me:- I'm 19 years old.- Make about $65,000 a year before taxes (confident I will be making six figures in the next 2-3 years).- I work anywhere from 50-60 hours a week (I work in video production).- I would have roughly 35-40 hours a week available to dedicate to progressing my real estate journey.For me, the big appeal of being an investor in syndication deals is that it is not as time intensive as other real estate ventures, so I can focus more time into progressing my career in video production and growing my income there.