Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

Are inspections needed before and after the work?

I wanted to get your take for the Bristol TN area.Thanks in advanceChris Your biggest issue would be having available options after a claim.

Do you have a current need for that cash flow generated from the tax savings?

Go after the tenant. 

After reflecting on a strategy someone used to buy 15 short-term rentals off-market in just 12 months, I thought of an idea.

With all of the "hot" market sales and the changes between selling agents/buying agents agreements what are you recommending for a listing agreement length of time anda buyer agreement length of timeI think many agreements have a clause binding a client to the agreement for "specifically shown properties" for an additional period of time after it expires.Is that common? 

Furthermore, after having a dog live in the house for 3 years there is almost certainly animal urine that has soaked through the carpet into the subfloor.

It will be a clean BRRRR and will be able to own the property free and clear after the cash out refinance.

As someone mentioned, the only thing passive about real estate investing is the tax treatment.