., repairs, furnishings) can offset this.

While you are learning and living in your first one, you want to make sure that you are keeping up with the repairs so that when you make a decision on what to do with it, you don't have a potential issue with the property you want to sell or rent when you are about to buy another.

She sent a reputable plumbing company out and they gave us a $9000 bid to do excavating, repairs, etc. due to some roots getting in some plumbing under the house.

I think I have the basics down:* rent roll or proof of rental payments over x period of time* copies of owner paid expenses* copies of owner repairs over the last couple of years* clean title search* home inspectionWhat are some of your favorite questions?

Additionally, ask for copies of all tenant leases, any recent inspection reports, and records of capital improvements, such as repairs or renovations.

Welcome to the forum and to the world of real estate investing—exciting times ahead!

While contractor availability and supply chain slowdowns are challenges, they plan ahead by securing labor and materials early and building in project buffers.

Never limit yourself as to how you're gonna get paid.99.99% of the time, I've come out ahead because I've taken the extra step to accommodate my customer.Here's one for you all...."

Hello Brody, Sounds like you need to plan ahead and have a high level mortgage planning consultation so you do not run into problems and lose money.

I've heard Propstream might be worth looking into too.3) I think when you're starting out, you should go ahead and take the pictures.