Hi all,I’ve recently noticed a whole host of properties on our street that are currently without tenants and have been neglected.

How much will that property rent for and what expenses will you regularly incur? 

Yes, he realizes there is a short term opportunity cost in that he could be charging a higher rate to retail customers, but the upside of the profit from the flip or equity in a BRRRR outweighs that.To me if the contractor partner started marking up his labor like a regular job it would be no different that the money partner starting to charge additional interest on they money put in or charging fees for borrowing for other sources.

You shouldn't have any problems finding a regular renter willing to pay market rates. 

I know that that the concept is that I cash out and get the new property…however, since these are regular mortgage loans, how do I qualify for several properties on my salary?

He lead wholesaling everywhere, and actually is Bigger pockets podcast host!

The BP meetup hosted by @Jordan Lockaby and @Derek Robinson is the one I was referring to. 

Depending on the state laws, your tenant may not be able to get rid of his guest at a later date without going through an eviction -- would be good if he knows that ahead of time and has the tools available (ie guest being a subtenant, not a "regular" tenant). 

The Real estate guys show usually host awesome live and in-person events - https://realestateguysradio.com/events/3.

You can find the details in Bigger Pockets events.Also, I’ll be hosting a meetup the last Thursday of every month as well.