First, they allow you to make lower payments during lean times, such as during remodeling, vacancies, or when you need to qualify for a loan before completing a renovation.

But I also haven’t the time to wait because people are people.

.- Son to have RE license and path to life he desires.  

When a rental is taken out of service for personal use the accumulated depreciation goes away over a short period of time. 

If you are new, it will take you a year to recover from a 1-star review.I have been staying in timeshares and short-term rentals my whole life.

I would factor in time to travel to any market, but AZ is relatively quick compared to the east coast. 

You will need to provide an explanation of the circumstances surrounding the BK every time you apply for credit, apply for a job, apply for a bank account, etc.Bottom line is if you’re working day labor type jobs for small companies and live on a cash basis it might not affect anything.  

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

That said there are some nuances and requirements to property implement interest tracing so ensure you talk to your tax professional ahead of time and keep the funds movement as clean as possible. 

Over time, I learned a lot about what works (and what doesn’t) for new investors.1.