It seems like a simple thing, but reaching out in BiggerPockets about getting started as a real estate investor is a great first step.

Since this is a short-term flip, the IRS usually sees it as active income, but if your role is truly hands-off, there might be a way to treat it differently.Have you thought about how you’re structuring the deal?

Thankfully, we caught it during the plan review stage, and with a stamped structural design, they got the kitchen of their dreams—without jeopardizing safety or facing surprise delays.Here’s what to think about when renovating:Structural Changes: Even moving a wall can have ripple effects on the stability of your home.HVAC Systems: New layouts might need adjusted airflow or ductwork.Plumbing and Electrical: Moving sinks, showers, or outlets requires careful rerouting to comply with building codes.Before starting demolition or submitting permits, have your plans reviewed by a licensed engineer or architect to avoid costly surprises.

In the end I refinanced THE DAY rates bottomed and they immediately started going back up.

Quote from @Kim Scheid: @Travis Biziorek and @Sean O'Keefe, we are looking to start with our first out of state rental and would love to know more about self management.

@Giovanni BarbosaIt’s great that you're starting in real estate!

House hacking is a fantastic way to start, but preparation is key.

Gen X & Y don't want to get their hands dirty and do these jobs.2) Consider yourself lucky your PMC gives you actual material invoices!

-Interest rate of 5% is much lower than market interest rates. 7-8%+-There are no capex reserve considerations included. 5% is a starting point.

It started with heat complaints.