The property will cash flow $500/mo or more after all expenses and cap ex reserves, as well as the payment on the SBLOC.

During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.

You need to simplify, not add more debt.Focus on education and building reserves.

Many will have a disclaimer stating that the information cannot be relied upon and buyers must confirm all information via their own due diligence. 2.

You need a reserve to handle unexpected costs, particularly during the first 1-2 years of ownership and learning how to manage the property. 

TurboTenant offers a maintenance program for $149 annually; they will respond to tenant issues, troubleshoot, assign to a pro, and charge your card on file (unless it's over your set amount, then they will call to confirm).

To confirm my recommendation ask him for references at his current developments, I bet he won’t give you names and will make up an excuse!

Then tell them you're willing to forgive their entire balance if they're willing to pay x and move out by x date.Do not cancel the eviction though until you confirm they're out and held their end of the agreement. 

I think I've been changing my 3 prong connection electric dryers to 4 prong for some many years now also.I should probably confirm w/my electrician company but at the risk of making another mistake, I'm about to press Post Reply...

Prioritize properties with strong rental potential and set aside reserves to handle unexpected costs.Finally, familiarize yourself with tenant laws in your target market, especially in Portland, and consult a real estate-savvy CPA for tax efficiency and legal considerations.