Achieving immediate positive cash flow indicates a successful execution, and the lesson learned about closely managing startup costs is vital for any investor.It’s also great to hear about professionals like Midge Maguire who have significantly contributed to your success.

You can, and should, interview them and ask them all of the appropriate screening questions - but you won't be able to "test" them out without contributing significant capital as part of your test. 

To prepare I would get a good understanding of what each partner can contribute to the purchase (cash/sweat equity) as well as the division of labor.

An IDGT is a type of irrevocable trust that treats the grantor as the trust owner for income tax purposes (they pay the income taxes for the trust during their lifetime), but the assets contributed to the trust (a completed gift for tax purposes) are not included in the gross estate of the grantor at their death.

@Wendy JiangBe honest and say no as mold testing is typically only done when there are visual signs of mold and has never been any signs or complaints.There are many factors outside of mold that can contribute to breathing problems.I would offer that if you wish I can order a hygienist to come to teat for toxic mold - but if it’s found to be negative the costs for the testing would be at your expense.

This property holds a lot of sentimental value for me, and I’m excited to see it contributing to my investment portfolio.

What are some good end of year tax deduction strategies (outside of increasing your 401lk contributions).

Balanced Market Dynamics: Corrections contribute to a more balanced market, where neither buyers nor sellers hold an overwhelming advantage, fostering a healthier real estate environment.4.

And of course for me personally I have met many wonderful folks on the site and by being on BP it has contributed in a big way to our business success.

The cost of financing will contribute to these rates and help you learn what your costs can be and how much cash you may need to tie up.