Lastly - No matter how much money you can save, don't hire unlicensed contractors who will fail to provide you a paper trail and will want to be paid in cash.

Eliminate debt, establish a budget, and save.

Key provisions like bonus depreciation, the 20% pass-through deduction, and 1031 exchanges have saved investors thousands of dollars each year.

Check out other online guides available here: https://www.biggerpockets.com/guides3.

I have heard different positions about this... both have good points; on one side the new or small wholesalers are more "direct", many times only "one closing" instead of 2 (big companies) which can save a lot of money if you do several deals per year.

Tax shelter schemes, partnerships with foreign partners and accounts, partnerships with hundreds of members, returns with blatant mistakes, entities in questionable businesses, like gambling, drugs, online video sales, escort services.

Three Months ago, low to mid 6's were available.Rates are going to continually fluctuate but if you have a way to earn 10+% on your capital, the TIME you are not using it is going to cost you way more than the extra .5% per year will.You are walking over dollars to save pennies if you are waiting for the perfect rate, half of the people who held out on getting mid 6's were waiting for high 5's.

While you are figuring it out and/or deploying it over time, US Treasuries and certain CDs are paying 5%...and 4% for certain online savings accounts.

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

Doing this can save you time, money, and a lot of frustration in the long run.Hope this helps!