: Hey @Michael AlmandI am analyzing a tool called 'Rehab Estimator' that helps you estimate rehab costs in your area and generate the statement of work (SOW) based on your selections.

High property taxes often signal inefficient and expensive state and city governments.Zeina, if you focus on selecting a city based on your financial goals instead of the opinion of others, you should do okay.

The BP function allowing you to check references and actually talk to real clients of those QIs is a great advantage.

There are options to work with the title company after purchase (60 days) to buy it with conventional financing and then shift the property into an LLC with a quitclaim deed to get the same effect as purchasing with your LLC but you get the advantage of better rates with the conventional loan.

Too many newbies seem to think they can blindly follow "old" advice in today's real estate market and be successful.Many, basically get taken advantage of by those in the industry that have an incentive to keep newbies blind to new realties, just to keep their good times rolling.What many newbies have figured out is that they can't make the numbers work on rental purchases in their states - like California, Arizona, New York, New Jersey, Washington, etc.What they have NOT figured out is that if they go to cheaper markets, they aren't being shown Class A rentals to buy.

This is a great place to learn and to connect with people so take advantage of all the great resources.

What I don't like is seeing the removal of peoples options and freedoms to self select and engage in what they want to do. 

The single biggest advantage of selling your homestead is that you can take all the Cap gain tax free if you have lived in the home as your homestead for 2 of the last 5 years. 

Treat it as such or the tenants will try to take advantage of you as well.If you jump rent $400 per month they could just move out.

But you should also invest in your backyard and use your home-field advantage.