We are now looking do flips on a regular basis and are looking for a like minded financial partner. 

Usually a lot of what we find is regular wear-and-tear type stuff that we don't charge back, or often foundation related (our Texas soils move so much, the foundations shift and cause all manner of problems inside the house). 

Then it was sort of rinse and repeat.I did notice that was a popular starting point on a BP poll recently (renting out a place you already owned/lived in).It makes sense as you have the financing in place, the transaction complete, plus you have screened the area and the property, know all the maintenance and routines, etc.So your first home may be your first investment property, too, eventually. 

But I will say commercial due diligence follows much the same routine.

I wanted to reiterate the need for taking lessons on finial and real estate needs to go on for the rest of your life.Track everything you do and review it on regular basis and by reviewing these numbers will help you possibly on reducing expense and maybe even increase income.  

Thinking it was a routine eviction (we had probably done one every two years for the past decade) we went into court.

Hello Everyone,This is Colin, i own a e-commerce business, which is a really good passive income that can replace my regular income. i want to take a loan on my company name, which readily available for 150k +  at 7.8% interest ( we would have to pay 13k month to repay this loan). 

I now have to provide the routine documents (W-2s, pay stubs, tax returns ect...)

I gave my $300,000 move-in ready beautiful vacant home to this large well known local co in Oct 2016.( Ive owned and self-managed another very similar rental in the same subdivision-- since 1998--and it has never had one day of vacancy in 16 years-- rented at $1860.This professional pm co put all utilities in their name on my new property and turned the hot water heater ON and the Water ON ( even tho the main water cutoff valve is easily accessible in the coat closet beside the garage.They let the property sit VACANT OCT-NOVand on their "routine inspection on Dec 1, to make sure hobos had not moved in" they SAW the water heater in the garage was spewing (at full blast) A 20' stream/ fountain of HOT WATERand that the entire finished closed garage was covered COVERED !!

You will also need to regularly attend continuing education courses and some brokers have mandatory meetings at their offices.If you are an arm chair investor who would like to passively park their capital in real estate investments then no you should not get your real estate license.