I dont see this as a target rich environment for the NO money assign contract wholesalers.

You should track your own units expenses as well so when you move out, you can quickly reclaim any expenses or depreciation you built on the personal unit when converted into a 2nd business unit which would then be included on your schedule E.You also write off half of your property taxes, insurance, HOA dues, or any shared expense.

Interesting city with a lot of rich history and beautiful architecture. 

I switched from Quick Books to Baselane and I am SO glad I did.

I would get a bridge loan to acquire the property if it needs to be rehabbed and/or closed quickly.

Hi all, first time landlord here and I had a quick question on the approval process for potential tenants.

Depending on the ARV some are even able to get out all the funds they used to quickly rinse and repeat

Lots of people either rush in to quick or don't ever get in the game.

It’s a great way to grow faster.HELOC or Equity Tapping: If you have equity in another property, using a HELOC or cash-out refinance could help cover the down payment without affecting your DTI as much.Seller Financing or Creative Deals: Look for sellers willing to finance directly, which bypasses traditional mortgage qualification hurdles.Scaling quickly often involves combining strategies—play around with what works best for your goals.

I was unsure about the commercial tenants but knew I could get the MHPs up to market rent very quickly.