Remember this is a marathon......That said are you planning to flip, hold(short or long term?)

How did you find this deal and how did you negotiate it?

Here are the key details of my situation:Rental Property Details (Note: This was our primary home till 2017):Current Value: $970,000 to $1MPrimary Mortgage Loan Balance: $505,000 (@ 2.6%)Took Home Equity Loan on this house to make down payment for my current primary residence.Home Equity Loan Balance: $123,000Total Loan Balance: $628K (Primary Mortgage + Home Equity Loan)Rental Status: OccupiedPrimary Residence:Purchased in 2022Mortgage Rate: 7.3%Current Loan Balance: $650KMy goal for 2025 is 2 fold: #1.

Look forward to learning and connecting with the great people in this community! 

Personal use - if you or your family used the property for personal purposes, you will need this to factored in. 

Do not expect to keep them and be prepared to have to evict.If the jurisdiction this property is in requires anything in place in order to evict such as rental licenses, etc., get them in place before discussing an increase with the tenant because it's much easier to get inspections and repairs done when the tenant cooperates.

This is the recording of an "affidavit of facts related to title" under Ohio Revised Code Section 5301.252.

it is the most powerful way to get started in investing, period, full stop.hope this helps

I do this when I have a problematic tenant that may push back.

A refinance into an LLC avoids this risk but typically requires a commercial loan with higher rates and stricter terms.If asset protection is the main goal, umbrella insurance may suffice without disrupting financing.