They’re upfront about timelines, costs, and any hiccups that might pop up.

Next up is a huge financial hit: closing costs.

The only way to know if your idea is worth doing from a wealth building standpoint is to do the math:  What is the cost to acquire?

I have other money that'll cost me 10%.

I've found that Chase has great deals (almost no closing costs) for 5+.   

$1,500-$1,600 is about the going rate for a 2/2 in most average areas of BR, but I can see where some neighborhoods would get more.Another thing to think about - if the property is sitting vacant right now and you have ready and willing (and qualified) tenants, then the opportunity cost of waiting an extra month or two is $1,550/month.

@Shayan SameerThe non-paying tenant could impact your short-term cash flow, so consider the potential costs and timeline of eviction in your state.

It's a good practice to overestimate costs and underestimate after-repair values (ARV) to keep your expectations realistic.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

It costs $25. 9am to 11:30am.