Purchase price: $169,000 Cash invested: $33,800 Property was recently renovated to increase the value of the property and the cashflow What made you interested in investing in this type of deal?

When there is a vacancy, a leaking sink, a drip from the roof, a fallen branch from a tree, storm damage, a rough tenant, a potato down the toilet...whatever expense comes up in the future, and they always come up, that is what the cash flow is for. 

Loan interest is deductible based on the use of the loan, not the asset securing the loan. 

@Anade DavisHi Anade, You’re on the right track with reaching out to your survey and engineering company—they often have strong connections to local contractors.

@Alex Silangyes, i will buy - but only to BRRRR, or on seller financeand only if the numbers workmade 2 offers toward the end of last year on potential BRRRRs and got outbid. 

So happy for my investors hopefully the rest of the transaction goes smooth so we can get it all locked in and they will have one more property in their portfolio than they did a few months ago.

It's what you paid, minus the value of the land, plus what you spent on long term repairs (roof, furnace, etc.

We rent to plenty of S8 applicants; I've always believed the standard of care they exude is as high if not higher than "market" applicants because they'll get kicked out of the program if they don't.

However, I would get an out of the blue phone call about once a month from someone saying that they'd put up some money if we wanted to go in on a property together.  

They'll be your guide through the process and you'll have no issues.And since we're talking international here's a big shout out to @CoffeeSlutGuam - the most uniquely named coffee bar on the Island of Guam.