Now $685 was from damages that I could deduct from the previous tenant's security deposit.

Did the previous owner combine two units into one because that larger unit would rent for more?

Hello everyone,I am a new investor and am strongly considering focusing on college rentals.

I guarantee you that the next servicer/lender is not going to honor a verbal commitment from a loan originator at a previous institution.

For public transport, ITP east (Belvedere-ish and out, and west are your best bets, or the south (College Park, East Point, Ft.

To start, the numbers:3 bedroom, 1.5 bath 1700 sq foot brick SFH with bonus room.Purchase Price: $59kAppraisal: $105k as is with estimated $124k after rehab.Renovation budget: $20k.Renovations include: new flooring in bonus room, kitchen and baths. total renovation of bathrooms, new cabinets, crown molding (to cover bad drywall job by previous owner), buff hard woods, paint exterior, paint interior, remove awning, remove side door and seal up, fix low spot in kitchen floor, and remove the non-permitted fire place.Estimated Rent: Initially I budgeted $950 per month based on another rental I own in a similar location, but  two houses on the same block were recently rented for $1200+.

Looking for feedback on My First Real estate Deal.Currently working to buy a Property in a college town that I am an Alumni from, in Western PA.Smaller University about 6,000 undergrads.

As mentioned previously, all expenses directly related to a specific property to include mortgage interest and depreciation are taken on Schedule E for that property. 

Options are somewhat similar, but as said previously it's a "contract, to sign a contract" which overly complicates things in my mind.

Professional background:Graduated college in 2010 spent 5 years in the management consulting industry at Accenture in DC area and I’ve been working for a healthcare startup since 2015 here in Dallas.