@Nicholas L.

Quote from @Nicholas L.: @Alexander Phillipslike the others i am struggling because while i sympathize with you, none of this is really adding up...i'm also worried about what you putting "full trust" in your mentor means.sounds like you need to print a copy of your contract out, read it, get out to the site in person, and sort this out. 

I once had a client in a similar position, and we broke it down together to see what made the most sense for him;l especially considering his W2 income and the current interest rate environment.

Tax reported as 12/31, if you need to find out the current month basis you need to see your Balance Sheet.Tax return e.o.y shows on Schedule L

Hey @Lee L., we use QuickBooks Online exclusively for all of our REI Clients (just bookkeeping; not property management).

@Casey L Klauser sorry missed your meet up.

Quote from @Nicholas L.: @Devan Dorzokit's hard to say exactly what defines a 'major' rehab but 60K certainly seems majorDepends though, right?

Local S&L's and credit unions.5.99% with no points right now is the best I have seen.

Quote from @Nicholas L.: @Meagan Lapworthif this is going to be your first property, and a house hack, i would start with something less complicatedgood luckGo big or go home.

@Matthew L HearnHi Matthew,The tenants are not in the way if they have a signed lease, and you do have to honor the lease once you take over the property.Once the tenant's lease expires, you can always send a letter of non renewal so that they will vacate the unit once the lease expires.Make sure you read the leases carefully and the expiration dateGino