Hi RickeyAs a first-time homebuyer, you have great opportunities in the condo market.

@Ella Marie, I can't speak on behalf of your market, but in my respective market, competition is tough, and the successful fix-and-flip vendors are often full-time operating businesses.

Yep, been doing it full time since 2018ish.

It’s awesome that you’ve already put in the time to listen to 100 episodes—sounds like you’re serious about getting started!

Sold it, setting a new price record for the street at the time.

I do not understand your remark as related to the DSCR loan.  2 ADUs are not allowed by f/f conventional financing but is not always enforced.Fortunately if you stay with the current tenant without a refi, by the time you pay principle it is likely the rent will have increased enough to absorb the increase mortgage payment. 

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!

Every time you lower your tax bracket you are lowering the value of the deductions.

Building long term partnerships and not a one time deal.

if you're W2 and full-time, hourly or salary, you should be able to go off your pay stubs for qualifying.