Quote from @Donald Hatter: I have just under five rental properties and I understand the legal benefits of creating an LLC (married to a lawyer).

Since this would be my first long term rental property do you recommend starting with a property manager from the beginning or managing the property myself.I understand that there are pros and cons to all of these scenarios, I'm just looking for various insights.

In my free time, you’ll usually find me working out at the Y or hiking with my dog, on one of Nashville’s many trails and greenways.As a CPA with over a decade of experience in corporate finance in the insurance industry, I understand the financial side of real estate inside and out.

Podcast is the first thing you can start listening to understand all the relevant terms for real estate investment.For initial deals, BRRR is little bit difficult to get started without lining up the lenders.

@Jimmy S.You're missing out on $600-$1100/mo in rent which translates to $7200 - $13,200 per year.I understand you have a good long term tenant, but that is a lot of money being left on the table.This may sound harsh, but your tenant is replaceable.

Most don't understand taxes:  For example, a girl with purple hair at my credit union did not understand depreciation, and I did not get into Cost Seg with her because she really would not understand that. 

Can someone in this incredible group of investors help me with understanding how to go about using these notices and paying for these notices to my advantage?

.✅ Work with a Mortgage Professional Who Understands Investor Financing – Not all loan officers understand the nuances of DSCR financing and how it impacts full doc underwriting.

I recommend everyone always create their own IRR calculator as they can get pretty complex and oyu will want to understand all the inputs and outputs. we provide a basic one to those in our membership group but I always recommend build your own and understand not only the numbers but sensitivity that lines up with those inputs.If you are hard money lending thats simple as its just a column of dates and amounts for loan provided and monthly interest and points.

You have to understand the market, neighborhoods, numbers, and realize the risks involved buying houses "sight-unseen".