My goal is to buy an undervalued piece of property, fix it up, live in it and use the equity I put into it to continue investing in R/E.

@Ryan E. 

@Dave Crussel @Thomas E andrewsGreat to meet you, looking forward to more meet ups and helping each other out.

Hello,I have a house that was flooded in Harvey (Aug. 2017) for the first time (to my knowledge as I bought it from a wholesaler with no disclosure) .The house is one story with three bedrooms (one of them is a master suite) with a very reasonable living space and backyard.I rehabbed the house and it looks great now, ....nobody would buy it :0(The house is near the medical center in Houston (in a subdivision called parkwest near Westbury) If I rent it it will create a -ve cash flow of about $300I'm thinking to turn it into Senior independent living but it seems to be very complicated strategy with the best yield.Any experience in doing this in Houston would e appreciated?

Wow, thank you for all of your advises, specially to @John Underwood , @Randy E.

We were stupid to pay him through e-check and have no credit card protection. 

Since lenders now ask for 2 years of prior tax returns, not filing could jeopardize your future real estate investment career, especially if your increase income this year.I also know that for the Schedule C the minimum to file is something like $400 net but I'm sorry that I can't find the answer for Schedule E.

Data tree showed me the only one is the mortgage lien also, it did not show me other liens.Anyways, I wrote to the title company on the title doc about this and hired another title company to do O&E title search.  

The form will be found here once it's released, attaching your federal Schedule E and supporting schedules for the Cincinnati properties.

@Randy E., the guy is very angry at his current circumstances and I would give him some deposit back if I believed he would move out on his own, but I from the lies, and his statements I think he is going to stay as long as he can.