@LeeAnn Owens did you end up using Federa?

It’s also possible to have a negative net worth, which means your liabilities are greater than your assets.Examples of assets that may be included in your net worth include:Business interests Cash and savings Investments Personal propertyReal estateRetirement savingsVehicles Examples of liabilities that may be included in your net worth include:Credit card debtMedical billsMortgagesPersonal loans Student loan debtVehicle paymentsNet worth is very easy to calculate: You add up all your assets and subtract your liabilities.The net worth formula is:Net worth = Total assets – total liabilitiesHow to Select a Net Worth TrackerYou can choose from several net worth trackers to help you monitor your financial position.

I am looking to begin my family’s real estate investing journey in the next 1-2 years as we save up for the purchase.

The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.

I also heard that sometimes the water backs up in the kitchen from the previous basement tenant. 

I had an ac tune up right before summer in houston began.

Hi I just closed on my first real estate investment property today!

But they’ve asked to come up with a solution since the loan isn’t technically assumable - something equivalent to acquiring the LLC that holds the property. 

If you occupy the property as your primary residence, you can  potentally do a HELOC or fixed second mortgage up to 90% CLTV.

I'm also a new investor getting into wholesaling and that's just what I gathered and picked up I do hope this helps you on your endeavors