Capital Expenses, items that are not just consumables like appliances, roofing, AC, all have what is called a Class Life and get depreciated according to IRS rules for that Class.  

. $30,000 to pay off some high interest consumer debt.  

@Atul Mohlajee, these mortgages that have to be coded "Fannie Mae Only - No Overlays" aren't priced quite as good because there are fewer investors on the secondary market that will purchase them.

Can get very costly and become time consuming - easy to get in over your head.

Most of the builder in those rural area dont like to build near austin for the same reason as they say "whatever takes us 6 month here it will take us more than a year there, because of the permits and inspections are time consuming near austin" I am hiring a builde, who is  basically  is subcontracting each stage. we are using my finance loan (Interim loan). in this case we might calling him GC. we call them a builder here, and they are definitely not GC for rehab projects those are different, they only build costume and specs homes and commercials. 

That would consume over half of my cash flow.

I know it's a time consuming process but it's all I have to work with as of now and gives me a good estimate.Looking forward to seeing other's responses!

Hello all,Firstly I would like to say thank you for all of the insight that I have consumed over the last few months while I considered taking the plunge into this incredible field.

Now I do not have large number of rentals and this can be time consuming. 

I used to use the red lined paper but it's very time consuming trying to line up the letters with the lines.That being the case I use blank yellow cardstock paper.