Happy to connect as I am an accountant right down the road!

In 2020 I bought my first house 3 bedroom 1 bathroom and a 2 car detached garage for $175,000 and put a 10k downpayment on it and interest rate was 3.5%, in 2023 I decided to rent it out for $1350 mortage was $1106.62, in 2024 we raised the rent to $1450 and our mortage currently is $1144.76- I never put into account repair expenses, Capex, vacency until I read on rental investment properies book.

@Brittane Jenkins  A few other somewhat creative ways: 401k loan (if you're comfortable with that), margin account on your stock investments, seller financing for the downpayment (usually has to be done with a business or commercial loan for the remaining part of the loan).

Holds you accountable to accomplish task and the group is a wealth of knowledge.

However, I’ve noticed additional charges that weren’t initially explained, and the rental payments are deposited into my account in multiple transactions each month.

So, we obtaina full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc.to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.

While I'm not an accountant, CPA or attorney, I'm hard pressed to believe that if the mortgage is paid in full from the sales price the wife has to worry about getting a 1099.

I am no expert but have been present for a few inspections and i always like asking questions.I agree with all that was said already especially holding individuals accountable for caring for their own system.

The day we were set to switch over I was told with their direct API, VRBO no longer will process payment and for our business model I was not setting up 90 plus listing stripe accounts or doing the accounting for that process.

My biggest issue with S8 has actually been with working with the organization.