There are other forms of winterizing like insulating plumbing, sealing door/windows with rubber gaskets, installing storm windows/doors, setting up heat lamps or other supplemental forms of heat in basements, etc.

We BRRRR 8-10 per year and the flips supplement the money left in the BRRRRs.

This K-1 information is then used to report your share of the partnership's income or loss on your personal tax return (Form 1040) using Schedule E (Supplemental Income and Loss).

The whole appeal in REI was to maybe create a small business on the side with my spouse as a way to: eventually secure supplemental income, start building equity in RE and maybe creating a small business together in RE that would help us obtain financial freedom after hearing how risky things can be, I’m trying to learn: what are other RE investors doing to make money despite the risks around home repairs, vacancy, additional expenses (i.e property managers), etc.

You may want to look into forming a captive insurance company, which acts as a supplement to traditional insurance.

I'm currently reading a book about emerging markets, you're supplemental answers would be great. 

Once built use one home to live in and sell the other(s) to supplement the cost of the primary home?

You Tube and other platforms have made it possible for a lot of these types to enter the space They shill crypto, supplements, only fans and now real estate.

Which is great and one reason why one would supplement an LLC with a trust in an asset protection structure.What I mentioned was about using a quit claim deed instead of a warranty deed - a warranty deed certifies that the property is free of any easements, liens, or other encumbrances on ownership and carries title insurance; a quitclaim deeds contain no guarantees of any kind and does NOT transfer the title insurance.

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