I’ve been exploring various strategies to land a solid rental property, and I’m particularly interested in trying mortgage assumption for this one.I’m currently looking at a property listed at $350K.

A prime commercial property located in the heart of Downtown Morganton, near the courthouse and surrounded by thriving businesses.

Similar to the allowances in a pro forma, they are simply set asides and only become expenses when the property taxes/insurance are actually paid from them. 2) Capital Expenditures - They certainly feel like expenses, but certain improvements cannot be expensed outright but instead have to be capitalized and expensed/depreciated over time.  3) Depreciation - Finally some good news! 

All of my investing has been in re-development and I’m looking to learn the flipping business for income.I can see the process and opportunities for properties worth flipping, but I’m trying to see the way to build a business around flipping for income while I work on larger re-development opportunities.where have you learned financing and operations?

I was thinking along the lines of just a few slides of a slide deck showing the property and the potential.

I will create 6 residential lots that I will be able to sell off and then, ideally, own the remaining property free and clear or close to.

Craftsman bungalows and historic homes are in high demand.Key ROI Factors:Homes often need cosmetic updates, not full rebuilds, making renovation costs manageable.ARV is climbing as retail, restaurants, and parks continue to develop in the area.Pro Tip: Focus on properties within walking distance of hotspots like Five Points or Riverside Village for a premium resale value.2.

I am purchasing a property through a wholesaler and the wholesaler wants me to pay his assignment fee outside of closing.

Plus there could be other liens on the property that you'll have to deal with too.

The best thing to do is to put each property in it's own LLC.