Tracking can be done in property management software, a spreadsheet, or even a piece of paper and a pencil, as long as you can account for who's money is in the account.

Hello BP Community, Can someone share their experience or guidance on how to get a rental property certified for Section 8 in Detroit? 

These are the ones where you just enter some information about the property into a website and it gives you a report. 

Even this is an incomplete list.Worst of all, the main reason not to make this loan is that you will not hold a first position-lien against the property.

In my experience one of my biggest lessons learned when dealing with older properties always expect more than you initially thought. 

Mortgage rates would likely stay above 7%, keeping financing costs high and reducing affordability for buyers.Investors takeaway: Focus on off-market properties and motivated sellers where there’s more room for negotiation.

Building a portfolio allows you to gain experience, develop systems, develop your own approach to managing properties etc.

How long ago did you purchase the property?

We like doing the hard work of doing due diligence, researching property histories, getting estimates, negotiating contracts, etc.We're also going to be looking to buy and hold in the near future possibly by BRRRRing.

Since part of your home is a rental, you can deduct a portion of expenses like mortgage interest, property taxes, and utilities.