Deal 1: 4 Plex (it's stripped down to studs, a guy ran out of money on the rehab)Purchase price 160k, Rehab 80k, Total all in: 240kExpected Rent: $4,000/month to $4,400/month depending on how quickly we want to rent the units out. 

I personally spoke with the Florida Real Estate Commission in Orlando (FREC) and also Georgia's GREC a few months ago.

I've had some not happy when I have asked them to split it out.I've tried asking questions to the IRS customer service reps, and didn't have the best luck.While I cannot cite a specific official guidance on this issue, I consider debit cards exempt.

@Robert MedinaI agree with @JD Martin that you’re in a strong position with $600/month cash flow and a solid equity base.

Just remember not to do a 12 month lease if you find someone this month or next!

When it comes to managing your mortgage, most homeowners are familiar with refinancing as a way to lower monthly payments or take advantage of better interest rates.

We just purchased our first fix and flip, we used a hard money loan, interest is high but when you're in the property for 6 months or less it seemed doable to us.

So we retired the sellers loan within 12 to 18 months.

I want to share an experience ive had over the past few months with my newest multifamily purchase, and highlight the importance of being consistent, telling everybody what you do, and what you are looking for even when you dont feel ready.

If you don't have enough to invest locally can you increase your income and savings to be able to invest in 6 months or a year?