., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

Lets say i have found a property that im interested in what do i need to get together to get an approval for a Hard Money Loan.Thx for future replies!

It seems like a great idea to get your license and use it to invest into real estate, but without the property mentorship and guidance you could find yourself saving 2-3% on commissions, but ending up with a much more expensive headache. 

We don't have the option of going off the gold standard again. 

Hey Stepan,In today’s market, finding solid flip deals requires being more strategic with property selection.

I use a property manager there. 

The loan would be secured by the property.

Your ability to turn around a property with an 11% cap rate is a pretty strong selling point.

If they buy something for your property and you pay them back, it’s just like you bought it yourself—so you can count it as an expense in your bookkeeping.If they don’t get reimbursed, then technically it’s a gift/donation, and you can’t deduct it as an expense.

Since you have more time than capital right now, consider side hustles like Airbnb co-hosting, property management for other investors, or even leveraging your nursing background to consult for mid-term rental owners.