You can also immediately rent out extra rooms in your home even if it's a FHA loan (in case that is something you or another reader is considering).

Readers are advised to seek professional advice.

Hello I am an active reader but this is my first post.

It's too simple and tells you NOTHING about the future... which by the way, even a Squirrel knows about the future since he has to put his Nuts away for the winter or he may starve.So, we really ALL... that means all the readers of this posts and everyone on BP and every Investor whether or not you are a RE Investor or Stock Investor..... learn IRR.

It's cash in pocket or a credit card swiped on my Square Reader when I collect rent.

From the day that the EAT takes title to the land you have 180 days to complete all of your sales (and raise the value of the land to a point that will absorb all of the sales).So just as an example for readers:  Let's say your land can be purchased for $500K and you want to build a $1mil building on it, and your 15 homes are worth $1.5 mil in aggregate. 

You need to look through the Wind Shield in order to anticipate if the road ahead is clear or if there are obstacles that you need to avoid.Once you understand how to Drive your Business (or Investment), you start to do calculations based on the future, such as 10 year projections with Annualized Rental Increases, Expenses Increases, Rates of Return, Discounted Cash Flows, Internal Rates of Returns, etc.The people who think you can't calculate the future somehow missed the education which clearly has financial formulas that are designed for that.I am hoping the readers of this post really try to think about why there are formulas like FUTURE VALUE (FV)....... is that just something in someone's imagination?!

Frequent reader, new poster here on BP, sorry to hear about your situation @Mitch SmithI'm a real estate attorney and contractor/investor in the Indy area (based out of Shelbyville, 25 minutes SE of Indy) and I'm seeing this happen far too often right now.

The meter connections would be located under the home so I would need a remote reader. 

So I ask the readers,  ...