Keep in mind that successful real estate investing involves thorough preparation, research, and continuous oversight.Good luck!

You should only proceed with appropriate protection in place, which includes a significant down payment of 10% or more, a solid mortgage, and an attorney prepared to help you with the foreclosure process.I don't see any benefit to your buyers, but if they are willing to pay you 10% for 20 years, then go for it! 

When any little hiccup comes along that most of us did not financially prepare for we Demand the GuvMint do something, like my stock portfolio dropped 25% today in 10/87, so drop interest rate to Zero, thanks Maestro Greenspan, or again in 3/2000 when Yahoo.com didn't somehow grow into its projected 30 trillion dollar market cap based on its PE of 700, drop rates to Zero and keep 'em there for 22 years except for brief interludes of sanity (inflation got above 2%), or in 2008 when no one with a pension fund in America took any damn responsibility/oversight and gave their retirement funds to crooks to buy whatever ratings agency rubber stamped dogshit inverse synthetic CDO they could get a commission on, then were shocked, laying on their fainting couch clutching their pearls when the financial system reliably imploded, so drop rates to Zero again and start Monetizing/printing the debt, and now with the most predicted pandemic in history, Americans hadn't saved a damn cent so we cried to the GuvMint, send us 7 Trillion dollars now, I need a new Lambo!

These hours entail active involvement in managing business operations and directly contribute to the functioning of the enterprise.Considerations for Qualification:Full-Time Employment: Meeting REPS requirements can be challenging for individuals with full-time employment outside the real estate sector.

People who invest are prepared for those issues.

Do you have the resources to put into the house now to prepare it for being rented? 

Many Goosehead agents are not prepared to deal with owning an insurance agency and don't last long.  

If the violations are serious enough it can entail pulling permits to do the work.

If you find yourself second guessing your own preparation or dealing with more difficult topics such as a cost segregation, then it is probably a great time to at least consult with a professional.

Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?