As you can see obtaining good cash-flow isn't always simple or easy with all those expenses.

I received wrong information from people in the Portugal RE industry before so I'm not super confident the person I talked to is correct I'm just trying to get more data points.In case it's useful for others these are some other bits of info I've learnedRefinancing is possible but it is more expensive than conventional (usually the spread is 1-2% higher) and it is necessary to explain to the bank what will be done with the money.It is not necessary to wait to own the property for a certain time to obtain mortgage credit.

For example, I have seen many folks part of Bigger Pockets community build their rental portfolio through obtaining financing that they wouldn't otherwise be able to obtain if it was not for their W-2.

He obtained a mailing list of 5,000 prospects each of whom had multiple purchases of stock market newsletters.  

Due to his lack of communication ability he has to work through third parties such as myself to obtain this critically needed information.

Start by reducing debt, researching Houston market trends, and obtaining pre-approved loans.

My goal is to obtain finacial independence and grow that towards generational wealth.

Finally, obtain a professional appraisal post-renovation to accurately determine the new value of your home.

If you have questions about the ability to obtain loans, you'll want to make sure whomever you partner is very "lendable" with banks.

A PM company in California is required to have a broker officer, so either your dad can take on that role and put you in charge of the operations, or you can obtain your broker's license first.