Quote from @Dawn Roy: My response is not relevant to this transaction as it appears everything is going to work out with your lender. 

Some mentorships include online training, weekly meetings, networking opportunities, tools, and access to speak with other investors/mentees.10.

TLDR version: if you switch to default tax settings, you'll be responsible for remitting ONLY the 1.75% county tax out of the payout.

To start your journey, I recommend focusing on building your network by joining meetups and engaging in online forums, while narrowing down your first investment based on your budget, market, and goals.

I attended the RALA 3-day training in Phoenix and took a couple of online courses as well, and while I found these courses to be very valuable in helping get a clearer understanding of the space and what it might take to be successful, I eventually I found it most beneficial to bring in a partner/advisor who has built residential assisted living facilities here in Texas and has been running them successfully.

Could not find much online so figured I would turn to BP.

Just keep those off your P&L right from the start.If you have questions on the maintence percentages on the POH homes... lmk and I may be able to help.Hey Roger thank you for your response.

Check out other online guides available here: https://www.biggerpockets.com/guides3.

Hi all,I am new to the online community but have been listening to bigger pockets podcasts for years.

I didn’t know anyone in Alabama, so I called a few agents I found online and ended up picking one from BiggerPockets.