Based on you OP, I would consider keeping $50K in reserves in checking or savings account.

Check your lease.

There are some large FB groups for Indy and the suburbs, I would check them out and they will lead you to the in person REIA

You can also check meetup.com or search facebook for real estate investment groups, clubs, or meetings in your area.

- You missed utilities in your holding costs- For your first rehab you should plan on a little more than 6 months, just in case- You might want to double check your tax number as taxes in NY can be pretty high- The biggest area where mistakes are made for new investors when it comes to flips and BRRRRs are in the ARV and the rehab cost.

Here are some considerations for making a garage conversion into a good apartment:Local Permitting: you’ll want to check with your building department to see if a conversion like this is allowed in the current zoning of your home.

Now don't get me wrong I certainly have an idea, but just checking to see if I'm on the right page?...

Hey @Olga Daisel - You should check with a CPA to be sure - my CPA @Juan P.

Monthly the checks come in. 

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