This will reduce your risk and cash invested and if something goes wrong you wont be bled dry with never ending repairs.

After a bit of back-and-forth on the repair costs, I negotiated it down to $69,000, convincing them the extent of repairs was higher than they initially estimated.

After a bit of back-and-forth on the repair costs, I negotiated it down to $69,000, convincing them the extent of repairs was higher than they initially estimated.

This ensures you have a clear picture of what repairs are needed and helps avoid surprises during the rehab.

Expenses incurred before the property is in service are considered capital expenditures and must be added to the property’s basis rather than deducted immediately.This means costs like rehab expenses, repairs, and other improvements made before the property is ready to rent are added to the property’s purchase price and can be depreciated over time once the property is in service.

And you need to keep detailed records of all repairs and improvements.

Told me the violation wasn't corrected in the 30 days required timeframe (yes you are correct, the repairs were done in time but they didn't come out to confirm). 

He missed significant repairs that turned a $10,000 refresh into a $60,000, 8 month rehab.

I’m excited about the opportunities ahead and can’t wait to connect with fellow investors.

It is not really apples to apples, but generally speaking the more money invested the further ahead you will be eventually in the future, just because your compounding base is higher, regardless of where the money comes from - ie, 4 300k properties are 1.2 million on property, which is double the 600k property.