Hello BP community,I recently had a crazy event happen to one of my rental properties (1 of my 9 doors affected in this single family long term rental):A home heating oil company mistakenly delivered a very large quantity of oil to the wrong address.

In other words, if you do a foundation repair, it's better to get the whole house stabilized and the warranty for the whole house.If anyone has more experience with any of these, please correct me if mistaken.

@Boone Tyson does flips if I'm not mistaken and I know several wholesalers that have done well.

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.

Many people mistakenly believe the SEV is 50% of the purchase price, but it is supposed to be the market value.Most cities have an Assessor that determines how much values have changed each year.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

I don't plan on living in the house, I believe if I'm not mistaken that a 203k FHA requires me to live in the house.I planned on talking to my lender about a portfolio loan so the offer of $60k and the rehab costs with the exception of 20% down payment would be financed.

Good luck.I just retired last year, my understanding is if I take out the money January 2024,I don't have to claim it as taxable income until I file my returns  in. 2025 which  allows the amount I will owe to remain in the market making money........ am I mistaken ?