I have now sold off 2 homes, I will close on another in Jan 2025 and a new tenant is interested in buying the rental home in 2026. 

Quote from @Beth Johnson: @Marina Wong No. we just charge the servicing set-up fee at close.

But the 50% op ex ratio will be close enough for first pass. 

I'd like to purchase an STR (I probably should have said that), being that I live in South Florida, Orlando isn't too far, but also not close enough that I can drop by anytime, so I thought I'd need a PM, or perhaps just a great team in place as far as a mechanic and cleaner, realtor and lender.Thanks again!  

I would say any rehab project would need to be fairly close to me.

But coming close to break even, especially when using Interest only debt(HELOC), I'd say probably not a good idea.  

Once I plug in all those numbers, I'm pretty close to breaking even.

Deals he claimed to have "closed" were not his firm's deals, despite being listed on Next Level Equity's Portfolio page and Justin creating and posting graphics with Next Level Equity's logo the word "CLOSED" and pictures of other people's real estate.

Be sure to ask about prepayment penalties, closing costs, and interest rate adjustments to secure the best long-term deal.4.

I wondering if I can deduct any of the repair, closing cost and deprecation on taxes.