In NC, tempered is required in potential slip/fall areas.

She has stayed in my property for free for four months, and if she keeps appealing everytime when she's given a 7 days moving out order, she could potentially never pay rent or move out.

And all of this happens during the contract period reducing purchasing risk.Great strategy especially when practiced just on the outskirts of a major metro area in a country setting(a weekend getaway property that can be marketed to city folk).  

Happy you joined the party.. how soon do you plan to start crunching numbers on a potential deal?

Additionally, your brother would inherit your cost basis for the gifted portion, potentially leading to higher capital gains taxes if he sells later.

A real estate business can also potentially generate a SOLO IRA or something like that. 

In some cases, after running the numbers, I’ve even faced potential negative returns, causing me to miss out on promising deals here in South Florida.That brings me to my question: I currently own two homes—one is my primary residence, and the other is a rental property.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

As the market evolves we've intensified our commitment to helping investors focus only on listings that are eligible for vacation rental usages and either; have exceptional existing production or high potential for rental performance.