Folks, it really is a simple listing of how any hours you put in and what date.  

I really believe in my hometown and have a good grasp on it so up until now- I have simple bought whatever I could as soon as the bank would give me a mortgage.

This will create your new basis.From an operational perspective, you might want to touch up a few things on the place to make it more rentable. 

Owen,  Pursuing a career as a realtor can be incredibly rewarding, but it's not as simple as it may seem, especially in the early stages.

They’ll have a deep understanding of the market and a strong network, which can help you identify the best opportunities.Owning rental property isn’t as simple as it might seem.

Hi Richard, Do you currently own/operate LTRs?

On top of that, hiring tribal members for construction or operations could qualify for employment-related tax credits.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

For us STR hosts, I know we are very conscientious about guest experience and I want to be proactive about doing things to ensure my business operates successfully.Thanks!

Mostly due to the fact my spouse and I agreed on her to have zero involvment in any sort of RE investing (and its our home) I think once you have a good 6-12 months of reserve cash (operating expenses for your own life saved as a back up incase things go bad) save enough liquidity to get the ball rolling on your first invesment.