We have planned our financials carefully and are in a good position to buy and hold this one for a long time.

Be careful of that term as stock brokerages also use that term to mean you get to choose whatever stocks/mutual funds/bonds they allow you to choose.

@Sally Alcala security deposits (SD) must be handled very carefully to comply with all statutes!

Be careful partnering with them... very careful.

This strategy requires careful planning, from evaluating potential properties to ensuring that your rehab costs don’t spiral out of control.

You need an agent who’s more than just a salesperson—someone who truly cares, understands your needs as an investor, and knows how to balance deductibles when to insure, and when it’s not worth the cost.

So partial deduction allowed up to 150kI would be careful giving him a deal on rents as the IRS could classify this as some sort of hobby or non investment property due to not being at or near market rates.

How much would you have to pay monthly for landscaping, pool care, utilities?

What we've found (our opinion):Virtual Assistant (VA): great for task-based work, but they won't care about your company, clients, etc.Remote Team Member (RTM): COVID allowed many to work from home.

Because I don’t care what other people think of me or what I’m doing.