Purchase price: $450,000 Purchased property out of foreclosure, had problems with holder over tenant, but has been resolved, will rehab property to rent at FMV What made you interested in investing in this type of deal?

I think this is one of the riskiest strategies.

He paid for common area access, built a bed in his Land Cruiser, pocketed the rent but we had agreement on what the pocketed money could be spent on (seeing we were paying the rent). 

Currently, I'm only qualifying off $80K of income so it doesn't help me qualify for a lot.It looks like Snow Removal is about $700-$1000 for a full season?

This way you are ready for the next time you have turnover.

I'm going to use this.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.

He’s great and handled one for me in September and I hope to do at least one more with him this year. 

What made you interested in investing in this type of deal?

So far, I'll be requesting an inspection of the house to know what needs to be updated/repaired.Thanks for your help.