A hidden expense that is impacted by capital gains is Medicare payments, if you are close to 65 or older consider the below:The monthly amount you pay for Medicare Part B and D is based on your Modified Adjusted Gross Income (MAGI) from 2 years prior.

Best of luck on your investing in NC endeavor ... keep us all posted once you narrow down where you would like to invest. 

Once you narrow down the investment strategy, you should connect with the mentor to see if you would get along and vet the mentors track record and experience.

This could also help the investor see if those items will need replacing at a narrow or broad timeframe, thus affecting the purchase offer price.

Also responsible for other expenses such as lawn maintenance, repairs, replacement of appliances etc on behalf of rental LLCs (A, B,C). 4) Y will charge monthly operating fee of 10% from each LLCs (A, B and C).5) LLCs (A, B, C) will NOT have separate bank accounts.

Quote from @Karl B.: And this is why I self-manage.

So, if you can narrow down what guest avatar you want at your property, and learn from others in your market, it should do very well!

I only have student loan debtI have a full-time remote jobI have no prior experience in real estate investingMy credit score is high 700'sHere are the details about the property in Zenda,WI:Asking price: $235KIt’s being sold by out-of-state heirsIt needs at least $50K in repairs and updatesThe neighboring house recently sold for $235K (though I don’t have details on its condition before the sale)A family friend who owns a construction company assessed the property and noted the following:Replacement Needed: Furnace, Water Heater, Water Softener, Floor (concrete replacement needed due to unevenness), Roof, GuttersUpdates Needed: 1.5 BathroomsConcerns: Black mold and water leak marks upstairsRemodel Suggestion: The staircase is very steep and narrow; recommended to relocate and extend it into the living spaceAdditional Work: The property slopes downward, allowing rain to flow into the house.

It's one of the absolute worst parts of rental property investing of any variety.Your first step is going to be to research Texas law, and then narrow it down to the particular county and municipality this property is in.

Do I work with Agent X, but they charge more....or do I work with Agent Y who charges less, but they aren't as good as Agent X.Then the problem is A, B and C Agents, who charge the same as Agent X who is good, but A, B and C arnt nearly as good as Agent X.