Since its a legit business, this will simply be a labor expense and expenses reduce your AGI(adjusted gross income) which lowers your tax liability.

So it was a little different than just having $150 altogether if there had been an absolute emergency I would have had about $1000/month after expenses by the end of the first year that was getting saved towards reserves.

And not just for big expensive things that I might have missed but for little things I’ll want to fix before I sell. 

Assignees who come in late and insist on closing with "my title company" sometimes get their way when the wholesaler is weak and inexperienced... but they should also expect to pay for all of the work undertaken, and all expenses incurred, by the first title company.

It was an expensive and extensive remodel project but it worked out great because of the AMAZING purchase price!

Since townhomes and condos can be less expensive they sometimes can cashflow a little better than SFH in year one, but over time the SFH appreciation in value and appreciation in rent growth can turn into better cash flow and more equity in the long run.  

If you are a veteran or the child of a veteran then I recommend USAA - their landlord policy is excellent and not expensive.

If that's not an option, maybe take the route of shelving that's not too expensive.

Ok, I Digress…..Back to Nashville:For October, unemployment in Nashville ticked up slightly to 2.8%, in lockstep with national increases due to tight/expensive credit, but still remained nearly 1% lower than the national average.

I have a bank account for my LLC that is broken down into a Operating Expenses account that all funds enter and bills are paid through the OPEX account but I also have Series 1, Series 2, Series 3, etc bank accounts for the LLC.