15 year fixed mortgages are very underrated a 200bps spread is enticing as well as lower transaction costs.  

These are still unresolved and are a cost to the owner. 5.

A good tax accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in business taxation, financial planning and tax planning.I would also recommend looking for a accountant willing to work with you throughout the year.

How do you calculate rehab cost given you can’t look inside? 

We were so busy surviving, legacy building, financial planning or investing never came up for consideration (for most).

For the financial side they hire third year financial analysts (3 years removed from college) because they cost one quarter of what a qualified employee would cost.  

Alternatively, if I can find a lower cost single fam home where I can cash out 100% of my investment I would do that but those have been harder to find recently. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

This deal taught me the importance of overestimating rehab costs and always having a solid team of professionals on How did you find this deal and how did you negotiate it?

I expect the work to cost about $150k plus or minus $20k.