![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2774897/small_1738595735-avatar-kevinc1194.jpg?twic=v1/output=image&v=2)
4 February 2025 | 4 replies
. - I have been saving ALL of my cashflow into its own account to accumulate to buy the next rental (totaling ~$24,000).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2384861/small_1737505563-avatar-jamesb1383.jpg?twic=v1/output=image&v=2)
27 January 2025 | 6 replies
@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3089726/small_1733952076-avatar-kodys21.jpg?twic=v1/output=image&v=2)
24 January 2025 | 4 replies
Set up a Joint account with the seller so you can make deposits to continue the automatic payments to the lender until you refinance the property.Thanks,Dustin
17 January 2025 | 5 replies
There are several other issues (undisclosed maintenance markup fees, excessive charges to our account, significant reductions to agreed rent without communication, etc).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3157004/small_1734144472-avatar-markg730.jpg?twic=v1/output=image&v=2)
24 January 2025 | 12 replies
The court uploads its docket ussually days ahead of when the doc is recorded and uploaded to the clerk/recorders office.PAy attention to what they are charging once you go over your free limit for whatever account you pay for.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3072609/small_1720645536-avatar-abrahamg73.jpg?twic=v1/output=image&v=2)
21 January 2025 | 1 reply
I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1664582/small_1672510090-avatar-mariom137.jpg?twic=v1/output=image&v=2)
28 January 2025 | 9 replies
When I purchased the property, it had the basement with tenants but the rental income wasnt taken into account and it was just considered a two flat, as it had two units in addition to the basement.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3171072/small_1737143081-avatar-lashone1.jpg?twic=v1/output=image&v=2)
12 February 2025 | 11 replies
They can identify potential investment opportunities... not to mention all the tenant/landlord laws, eviction process, security deposits, accounting, end of year tax statements etc. lots of pitfalls to be avoided.wish you success in your ventures!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/850647/small_1694710321-avatar-romans20.jpg?twic=v1/output=image&v=2)
14 January 2025 | 15 replies
Do you know if there is a service, monthly or annual fee for opening one of these accounts?
17 January 2025 | 7 replies
Account ClosedAdding your property manager as "additional insured" is standard practice and beneficial for you.