Most everyone is correct here, but your all playing by different rules for your calculations.If you use full cash (no liabilities) and make 5%, that is one way.You can then take out equity loans  or 2nd mortgages- but you have to deduct the cost of the loan.

It is a 111 m2 (1194 ft2) flat which needs full renovation.

Also, is there any phone apps anyone uses where you can log expenses so they don't have to keep a shoebox full of receipts.

I actually joined BP a little less than a year ago so I am not new to this site, but, this is the very first post I am posting, so, I am very glad to introduce myself here.I've recently quitted (finished my last day two days ago) my full time job in the heavy construction industry, which I had worked in for the past 10 years as a construction safety manager.

These 2 are "house for sale to be moved" and we will have them moved to our property to connect to existing utilities, rehabbed, and rented as 1 bedroom efficiencies.It is my desire to switch to real estate full time.

If there is anything in there that names a specific purpose of your corp and this loan would be a violation of that purpose, you'll need to amend your corporate guidelines with a full vote of the shareholders and officers.

Some background about me: I have a full time insurance sales job, so I will most likely be using a property manager (unless you suggest otherwise), I've never rented property before, so I have 0 experience being a landlord.

The Bigger Pockets book store if full of great books: https://www.biggerpockets.com/store

Its full of great info.

Make sure to check out the Bigger Pockets Blog: https://www.biggerpockets.com/renewsblog/It is full of great information.