Building a team is something after you build the skills yourself, then teach them to other people to leverage more and more.

Does anyone know how to go about it?  

2 floors done...three to go :  )

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate which is around 7% in today’s market).If the property requires rehab, the Realtor and/ or Mortgage Broker will suggest applying, for a FHA 203k Loan.

Best of luck with the appeals, while PPMG handles all the day to day, we can do we can to limit expenses on our end.

Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.

I am trying to invest in a certain market and I am curious as to how many realtors i should be reaching out to and trying to establish relationships in that particular area.

When I emailed they just said to apply first, in end of February or in march I plan to go try and talk to someone to see if I can get better advice.

Value and rents should eventually increase to turn cashflow positive and build your wealth.You're next learning experience will be, now that you are out of day-to-day management, how will you be able to handle the inevitable expense challenges?

Proper record-keeping of rental and personal use days is essential to avoid IRS scrutiny.