At first, he was anxious about having multiple tenants under one roof, but with the right house rules spelled out up front, it turned into a solid monthly cash fow for him.

Out of state investor, first time in Oklahoma, can't decide between the two.

Now I spend my time making sure new investors entering the market do not make the same mistakes my wife and I made. 

They are known as the Winthrop Factors-The purpose for which the property was initially acquiredThe purpose for which the property was subsequently heldThe extent of improvements made to the propertyThe number and frequency of sales over timeThe extent to which the property has been disposed ofThe nature of the taxpayer’s business, including other activities and assetsThe amount of advertising/promotion, either directly or through a third partyThe listing of the property for sale through a brokerThe purpose of the held property at time of sale; the classification as an investor or dealer is determined on a property-by-property basis.To me intentionally buying a property to renovate it to resell it for profit, twice in the same year, and opened an entity to do it in ....is going to be ordinary income and not capital gains. 

It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200$.

All good reading and listening, education is best and if you want to learn you have to ingest as much information as possible.I read many books that helped me, but my go-to is listeining to at least 2hrs of podcast with real examples per day.One very important things that "want-to-be" fails is to understand that real estate has many different specialities, so you have to focus your time in your real project.

First time using a contractor to fix a few issues at my property before putting it in the market.

There are a few different areas I like to target, depending on your goals and budget.We also host a monthly real estate networking event -- "NorCal Real Estate Mastermind" -- First Wednesday of every month at 6pm at Lucid Winery on R St.

I've had rentals for awhile now, but this is the first time something like this has come up. 

Many DSCR programs require an investor to have a mortgage history- there are some DSCR mortgage programs that will work with investors who are renting- some refer to them as first time home buyers (FTHBs)- DSCR loans are only for investment properties where the owner isn't living there.