. $8900 is not profitable!

You will want to make sure you have enough room for your profit and to still make it enticing to an investor.

As you are partnering with your sister, have a legal document drawn up as to what happens if one of you wants to sell and the other doesn't, how expenses will be split along with money you are putting down, borrowing, profits, etc. 

The reason I ask is at that rent point there is no profit on a sustained hold.   

It gives you access to funds at a relatively low interest rate, and you can repay it as the rental generates income.

Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.

Whether rates drop soon or remain elevated, timing the market correctly can be the key to securing profitable deals.For those waiting on rate relief, now is the time to identify opportunities before competition increases.

The integrations we setup for you plus the drip campaigns of texts, emails, ringless voicemails, and direct mail pieces to automatically follow up with sellers may make it a good fit for you Are you just cold calling currently to generate seller leads?

Consult a CPA or real estate attorney to understand tax implications, build a reserve fund for unexpected costs, and research local regulations to ensure a smooth and profitable transition into rental property ownership.Good luck!

My first question would be is this profitable?