If you are in the corporate world and are tired of having to go into the office or having zoom calls in your underwear with a nice shirt and tie on or if your are self employed, what are your options for retiring early?

Once you grab your first one with a low down / owner occupied loan…you’ll get the itch to buy more and more and will soon begin to creatively find ways to fund additional deals.  3-4 additional properties / 10-15 doors will change your life.  

Are you employed?

Additionally, with affordability and a median home price below the national average, Cleveland stands out as an attractive option for investors seeking a promising return.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

If you factor in 8% PM, 10% vacancy including economic vacancy and capex/opex of 10% (5% each), your costs (still not including T&I) would come up an additional $2016, for a total of $8895 at 1.25M and $6969 at 900K 

In addition, each client receives an invoice outlining their coverage and monthly costs prior to charges running, which gives investors an opportunity to ensure their coverage is as expected each month.We are always willing to work with clients on coverage options to best fit their needs and budget.

Also any additional tips for this area would be great!  

Research rates for a payroll service for your employee that can handle your federal state and local employment taxes / calculations Know your federal state local and county tax requirements as well as whether you must have workman's comp for the person or not.

Additionally, I am running into an issue where contractors are already scheduled out six months in advance and I don't think I can wait that long to get this work done.