To get started, continue learning through podcasts like the BiggerPockets Real Estate Podcast and books like "The Book on Rental Property Investing" and "Set for Life."

I intend to add a closet to the den and make it a 3 bedroom adding value as well as remodel the entire unit.

A-rated neighborhoods will not be affordable nor cash flow well here at under 300k.

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...

I've been setting up deals but i think they look solid.

We stick to high quality neighborhoods and homes and are doing really well with it.

@Dawn MurrayI recommend you seek your own attorney in this as well - typically in these situations there is very little to go around but whoever gets the first lawsuit and judgment wins.

The question is will you benefit.If you already paid for the study, you might as well apply it to to the return.The next question is whether your accountant is properly applying it.You may want to consider working with a CPA who specializes in real estate taxation.

These are great programs to use and NY offers a few as well as a couple of Nationwide DPA's and grants.

Hi Lucie, I'd love to set up a time to chat!