The reason the answer is framed this way is because when you take a HELOC out to make repairs on your personal residence, you are allowed to tax the interest deduction on your Schedule A of your 1040 income tax return.

However, I didn't lay out what that seller financing offer would look like because I'm really not sure if a deal can be made or how that financing would look.I'm hoping to find a way to get the home owner some money in her pocket if possible, although I need room for an investor to fix the issues and hopefully buy the lot back from the auto repair shop.

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

Not trying to scare you, but a lot of lawsuits happen because the landlord doesn't follow fair housing laws, or simply neglects repairs etc.

Conducting inspections and due diligence on the condition of a property to derive realistic estimates for repairs is still the key.

Repairs were needed and were finished by early december.

You can also write off expenses such as property management, insurance, repairs, etc.

So, he's claiming the home warranty won't cover... fine, what's the repair cost?  

Telling sellers everything wrong with their house and justifying your offer with repair costs doesn’t build trust—it kills it.

I get rehab draws from the hard money lender to reimburse for the repairs.5.