The loan is often amortized over a set number of years, but the specific terms (e.g., interest-only payments, balloon payments, etc.) depend on your agreement

We do have some empty mid week days but if there are 3, they often fill in for us.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Hey BP, I'd like to learn more about a purchase structure I don't hear about often: just a straightup option to purchase or purchase option agreement (NOT a lease option). 

@Albert JohnsonWould not add him...but the reality is he'll still be there often enough to basically live there.

However, I’ve often felt alone in this journey—especially when making big moves—and that’s what brought me to this incredible forum.

Due to storms we often have shingles blow off and have to fix them, easy peasy...

And while it is not the sexiest, maintaining your W2 job and working hard to get promoted and earning more, even if that means changing jobs every few years, is often times a faster approach to create investable income.  

Might be tough from area to area, but I typically find that homes built before 1950 that were converted from single to multi family are 9 times out of ten - a full gut rehab and way too expensive for first timers.

In this post, we’ll explore the key considerations and weigh the pros and cons of making the switch.Why Investors Use Multiple Carriers in the First PlaceMost businesses start with multiple insurance carriers for a few simple reasons:Cost – When starting out, investors may opt for the most affordable insurance options, which often leads to picking different carriers for different coverage areas.Specialization – Some carriers specialize in certain locations/aspects of the property.