There are dozens of problems you can face as a landlord, and I feel it's important to have a plan for all of them.

The BRRRR strategy can be an effective way to build a real estate portfolio, but it’s important to go in with a clear plan.

It is important to take into account the future of your investment.

When filing the LLC return, it is important to ensure that these liabilities are accurately reflected on the balance sheet.However, it's essential to note that distributing the refinance proceeds among LLC members could potentially be viewed as a taxable event if there is no intent to repay these amounts to the LLC.

The 60% LTV is based on the ARV, and that is why practicing calculating the ARV is an important skill that can be learned over time and with a lot of practice. 

. $150k down, 5 year balloon, 8% interest, no inspections, repairs, or appraisal, $20k over asking, and most importantly.

I’d be happy to answer any questions you have about analyzing markets or getting started.Most importantly, choose a market that aligns with your long-term goals.Wishing you much success!

@Bonnie Low - it's important to know what services you're paying for.

There are also a few important laws to consider; including, 45-day return requirement for security deposits, the eviction processes, and Indianapolis' mandatory inspections for single-family rentals. 

Important things to look for: if you want to STR (you will make more this way) then no rental restrictions, if you plan to MTR, 30 day min works, anything longer doesn't.