At a 7.5-8.00 interest rate you may be able to break even on a dscr loan.

Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?

Also control the thermostats so the tenants don't jack up the heat in the winter giving you a massive bill.

I just got a message from the new tenant that moved in in November,  that her and boyfriend are now breaking up and she wants out of the lease.

The city wants to have "Neighborhood Anchors Points" consisting of Mixed-Use and Retail/commercialVisual of all land bank properties The area I will focus in.A break down of cost to purchase all Land Bank properties on each street. 

The new property has to make $50k plus $12k/yr more than the existing property just to break even.

Strengthen Your ProposalDevelop a Business Plan: Include:Vision: Your goal of creating a micro-home community.Market Research: Show demand for affordable or small-footprint living in your area.Financial Projections: Break down costs, ARV, and anticipated ROI.Experience: Highlight your previous fix-and-flip and demonstrate your learning curve.Present a Solid Development Plan:What is the size and scope of the project?

Would love cash flow, of course, but if I could at least break even on a highly appreciating property, I'd be happy with that. 

Did you think back in 2019 that Texas would face a winter storm like Uri in 2021?

While I’ve been handling smaller real estate transactions for about a year and a half, I knew I needed guidance to break into this space.