You must be pretty good friends - most veterans (including myself) would never let a non-veteran assume their loan b/c the VA loan entitlement is not restored until that loan is paid off.  

Deductible expenses include renovation costs, loan interest, and holding costs.

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

My aunt wants to do 50/50 on everything including rent.

NO debt NO debt NO debt on rentals is the way to go as you mature in age as an investors.

Challenges include depreciation in market value (i.e., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.

Probably notAs you already know, there are no guarantee's with investing which includes lending.

There was no debt on the land and she lost the house so I swapped her the land and she kept the house free and clear..

Include all expenses like property taxes, insurance, maintenance, and property management fees if you’re not managing it yourself.Network Like Crazy: You’ve already made a great first step by joining this group!

Fully furnished, with all utilities included.