., they force coverage on you instead of tailoring the coverages around your unique situation)Only represent one insurance company (no single insurance company can offer the right policy, at the right price for all situations)Their process for getting a quote is difficult and cumbersomeTheir underwriters/inspectors seem to always find a problem with a propertyIf you spot these warning signs, you should search for an insurance agent with these attributes: Have a depth of knowledge gained through years of experience working with real estate investors like yourselfHave a unique consultation process specifically crafted for working with REIsHave access to a minimum of 50 insurance companiesWork with a large independent insurance agency or group (the larger the agency, the more leverage they have with insurance premiums and claim settlements).

i am thinking i will get into a trade like hvac to generate money to start a real estate rental bussiness which would be my dream. i have been studying RE as much as possible and my parents are trying to force me to go to college which is not in my interest.

Home Headquarters forced us to replace all plywood, install 30 year shingles, copper flashing, rebuild the chimney, etc. 

It does force investors to renovate with their own funds, but in my opinion this normally ends up much better as you can find sub contractors to do most work much more cheaply than you would get through a GC. 

Hi @Sal Souza, I agree with Jason that the location, asking price, condition of the property and market conditions will all have an impact on how quickly you place a tenant. 

Don’t jump in without knowing for sure you can get the long term financing in place, or you might be forced to sell in less that ideal conditions.

@Adam FrancoFlips are recorded at your regular income tax rate, subject to self-employment tax.You figure out your final cost basis (purchase, rehab, insurance, property taxes, financing, permit fees, commissions, utilities, etc.) and the difference between the sales price and the final cost basis is the profit made that will be taxed as ordinary income.You should speak with a CPA to help organize things and try to minimize the tax impact.

Also let them know that if they want to stay that the entire rent is due on the first and that you will be forced to file for eviction if the rent is not pain on time.

There were points like forced appreciation he mentioned that I wasn't 100% aware of at that point.

Hey Elias, the inability to deconvert into a SFH could impact the price a little bit as it does remove part of the buyer pool as opposed to a traditional multi-family, but there are still a lot of investors out there looking for a income property that'll provide them a good return and your cash flow is great.