The loan on this house is $650,000.I closed on a new primary residence end of June.

I want to make sure I’m as prepared as possible before diving in.Thanks in advance for any advice or personal experiences you can share!

I see you guys are having issues as investors, wondering if anyone has had experience on the consumer side?

My point is certain things are learned with experience and 1) acting as GC once does not provide an opportunity to leverage the experience 2) mistakes can be costly.good luckHi Dan,thank you.

Hi Corby,I definitely need to find a CPA with real estate experience. 

Our tenant would have a key and could assist people in through that entrance if needed.We closed, and at closing the developer signed a contract to install a door and escrowed $20,000 in the event they did not end up doing it. 

Building wealth quickly is not an enjoyable experience—you have to go through some pain to experience the reward at the end.Trust me, from personal experience: the quicker the wealth building = the more pain.

In my experience apt. conversions from single family are more prone to noise transmission. 

I figured if I get a decent deal on a turnkey property that has at least 3 bed 2 bath I can prob rent for 2k a month give or take depending on the amenities and make decent cash flow. anyone else have any experience with renting single family rentals in this area?

However, you are talking morals and ethics with a gentleman who has successfully done business with perhaps hundreds if not more users on this site and hundreds more who have never heard of BP.