You can be sure they will continue to negotiate for, strategize and advise themselves.If the laws are similar where you are, you should consider if you want someone doing those things for you, and whether you are comfortable going toe-to-toe alone with a licensed professional on a $1.25 million purchase.

Readers should seek professional advice.

I am thinking about doing this full time and was wondering if there was a coach/professional i could speak with to give me an honest assessment on my current real estate portfolio?

Readers should seek professional advice.

We add up the scores and get a total score that reflects the level of risk the applicant presents.

Top line revenue - PM Fee (if applicable) - utilities - maintenance - misc costs of doing business.Good luck!

Your best bet is to ask for referrals from professionals in the space: realtors, other investors, this forum, FB groups, etc.

However, when I’m told on the day of closing they need an appraisal and won’t be funding to close, that isn’t professional.

Readers should seek professional advice.

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.