Hire someone professionally locally to work for you and oversee manage the project (a construction manager).Some examples I can provide having worked in the construction industry is - soda bottles filled with urine in the walls, food thrown in the walls, throwing coffee down duct risers, sheetrocked over outlets providing fire hazard...

Cash-Out Refinance: If you refinance the property, you can pull out cash based on the equity, which can be used for down payments on BRRRR properties.Collateral for Loans: The farm can be used as collateral for obtaining loans for other investment properties.BRRRR Investments:Immediate Cash Flow: BRRRR properties will likely generate some positive cash flow right away.Faster Turnover: BRRRR allows you to recycle your capital more quickly, aiding rapid portfolio growth.Initial Investment: $60,000 can potentially fund multiple BRRRR properties, providing diversity and multiple income streams.Farm Investment:Emotional Value: Maintaining the farm within the family has intrinsic value that cannot be quantified.Long-Term Appreciation: The farm's value may appreciate significantly over time, providing a substantial future asset.Monthly Cost: The $400 monthly cost needs to be factored into your budget, as it’s a non-cash-flowing asset in the short term.Decision Points:Emotional vs.

Hi Justina, I work with a team on the ground in Cleveland that can help with your BRRRR end to end by sourcing an off market property, setting you up with trusted contractors, project managing the rehab and providing property management as well.

What is it that your wife thinks an agent does besides finding a property for someone and providing the contract which they don't make exceptions to?

But then again I guess depends on where folks want to live .. sometimes to get started you need to sacrifice location to get in the game so your not a lifelong renter.

Both the tenants and property management company were recommendations from people I trusted, but I will raise my vetting game in the future. 

Networking with local investors can provide practical advice and potential partnerships.Research and Planning: Start by researching the Asheville market thoroughly.

As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and handling multi-entity structures.

I explained how that was not true by state law and provided them with a blank seller's disclosure form they could use.

I also have an LLC formed in Texas and am planning to transfer my SFR into the LLC for liability protection.Could anyone provide detailed guidance on the steps involved in this process?