Dwelling/Fire policies require that you request a limit for contents.3.

I’m especially interested in learning from those with experience in more expensive housing markets and from people who used really estate as a way to invest for their kids' colleges.

There is a 30 year conventional loan product that only requires 5% down, which is great to use with this strategy.Are you focusing on investing in Bangor specifically?

Hey BP Community,We all know real estate investing requires money, but not everyone starts with deep pockets.

The scope of what I would do was far beyond, and a LOT more expensive than what they were thinking. 

Give them a short, professional notice and move on.Second, I don't think a specific form is required in Massachusetts.

There are two requirements to claim REP status1) 750 Hours2) You spend more time on real estate than other activities such as your W-2 Job or BusinessYou want to work with a tax professional who will be able to advise you on what hours count and what hours do not count.Furthermore, the CPA may have a nice worksheet that you can use to help you document your hours.Best of luck!

It’s good to budget for unforeseen expenses.Regarding PMI, it’s worth discussing directly with your loan servicer since many lenders require holding the property for a period or reaching specific equity thresholds before removal.If market rents are $2,200–$2,500, hiring a property manager could help you optimize rent while taking the burden of tenant screening off your plate.

@Jim Stanley Keep in mind any expenses of your SDIRA asset must be paid for by the account that owns that asset. 

@Jordan Miller - I think to give proper guidance it would be good to share more details on the revenues and expenses on the property.