I took many courses before actually taking action on my first investment and I still have self-doubt when attempting new strategies and I have failed.Second, anyone who has not experienced self-doubt has not pushed themselves into the uncomfortable place of trying something new and potentially failing but learning a great lesson making them stronger.You are capable Robel.

When I attempted to add my 11th rental, they denied my application and non-renewed my umbrella policy.

I’m attempting to go through the program as an owner occupant to get in with as little down as possible.

Quote from @Landon Sheveland: Hello,My wife and I, are attempting to purchase our first property.

Or should we keep the one in Kaukauna and attempt to rent it out?

He and others seem to be attempting to circumvent an agreement with us, by attempting to smear us on this platform. 

There are a few things to consider when attempting to Mills Act a property.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

I’m looking for insights on how to put together a deal with the following details:Asking Price: $260KMarket Value: ~ $265KProperty Details: 3 bed / 2 bath / 1,400 sq. ft.Days on Market: ~100Loan Type: VA Loan (Attempting a VA Loan Assumption)Mortgage Balance: $200KThe ChallengeThe seller is behind on mortgage payments, and while I don’t have an exact amount, the agent mentioned it’s over $20K.

But the IRS has said that it is not appropriate to purchase from a related party when the purchase is an attempt to avoid tax. 

When I attempted to do a similar flip in another county in Texas, where I was unfamiliar with the nuances of the area, my “slam dunk” deal ended up as a $40k loss!.