Purchase price: $105,000 Cash invested: $90,000 Property needed some serious rehab, from trees roots destroying the basement walls, to plumbing, electrical, to roofing, landscape.

What I am hearing is you will need to rely on  some properties to carry others.

Buy and hold used as short term rental property.

I want to know more about the area and build a team that can help me purchase and manage properties.   

I would reinvest in a another property and use a 1031 exchange to detour taxes.   

What kind of account or vehicle would you suggest to start saving down payment money for my first rental property?

This is an investment property.

However, I would encourage you to Network work local real estate clubs in the PA/NJ area to help identify your target market and ideal investment for your first property.

Most banks won't want to come in with a line of credit that is second lien on the property.

Thankfully, we caught it during the plan review stage, and with a stamped structural design, they got the kitchen of their dreams—without jeopardizing safety or facing surprise delays.Here’s what to think about when renovating:Structural Changes: Even moving a wall can have ripple effects on the stability of your home.HVAC Systems: New layouts might need adjusted airflow or ductwork.Plumbing and Electrical: Moving sinks, showers, or outlets requires careful rerouting to comply with building codes.Before starting demolition or submitting permits, have your plans reviewed by a licensed engineer or architect to avoid costly surprises.