Leverage cuts both ways and can wipe you out if you are over-levered before a market correction, or it will take years and years to regain value after being under water if you decide to hang on to it.

I realize too I may not get November rent but I am willing to cut my losses early on and start this project out my way.

Go to Mr Money Mustache website for some aggressive (arguably too aggressive for some) methods on cutting the spending so you can put some money away.

We want to have a contract in place stating who does what, who's responsible for what, who get's what cut, and who will invest what. 

Jeremiah, here's my advice in a five-year plan so A) is patience:Year 1) start a single-member home-business LLC for FREE using bank bonusesYear 1-2) build a 720-800 FICO for FREEYear 1-3) season the LLC for FREE and target a 80 PAYDEXYear 1-4) save some cash by cutting back for a few yearsYear 4) study 10,000 properties for FREE and build a teamYear 5) target a small starter commercial project (4 units or more)using the LLC PAYDEX and 800 FICO when it's a buyer's marketrelying on good financials for the property more than your job6) rinse and repeat and SKIP RESIDENTIAL!!!

I met with a FSBO today who bought a property for 90 k a year ago that needs 80 k in rehab, but most of the comps are at 150k. Owner can’t afford the full rehab. A business partner recommended splitting rehab costs wi...

It's more of an issue for disclosure items like talking about the seller's situation to the buyer or talking about the buyer's situation to the listing agent or the seller.Having the agreement also allows the agent to negotiate on the behalf of the buyer.Also, it protects the agent in situations where a seller or an unethical listing agent tries to cut your agent out of the picture with the promise of a better deal.There are several hours of training on laws of agency.

BetseyWe have listed our properties on Google Business .Since doing that, we are running about 50/50 of people coming directly to our web site and going through HomeAway ,VRBO or Trip Advisor or Flip KeyOur Season is almost 85% word of mouth. which really helps cut down booking fees.We have seen and been told that during season once guest find a place they book for the following year because if they don't they won't be able to get in.We have been doing this going on 3 seasons now, when we bought the place we inherited a couple of guest that have been staying on the property.

More money is spent in the long-run trying to cut corners in the beginning.

I use the white subway but accent it with the mosaics (cut into strips of 2 or 3 rows) to break up the white.