It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.

While this job could be performed remotely, working with my peers in person for at least a year is important to me.

Personally, If I could pull out a HELOC, I would use it to fix and flip which will typically make sense as you shouldnt be keeping the money out for that long and you can recycle it or pay it back and build off the capital that you got from. the flip.

Definitely a personal preference.

I got a deal on labor as I know the contractor personally and helped out a bit with the project.

I kind of didn't want to mention that on the listing so that it wouldn't turn people away before they even had a chance to see it in person.  

Hello all! :)Someone I reached out to on an off market deal told me that they couldn't sell because they bought the property as a rental in the 70s and didn't want to pay the capital gains. I'm curious if this has com...

We will shop for used appliances where we can when we need one… or pick up used cabinets if we can, or search eBay for something smaller,  but going to the extreme of personally shipping something big in internationally for one-off renovation needs seems like a stretch of reasonable.Just like you mention, the number of unknowns would not seem to be worth it to me.Just my 2 cents.Randy  

You'll want to put together a personal financial statement (basically lists of all your assets and liabilities) and have your tax returns ready.

Personal Property coverage- furniture, lawnmowers, signage, etc.