We had the inspection today and all the utilities (plumbing, heat, electric) are in need of a full replacement.

This was a great way to learn the ropes and utilize their expertise.2.

I’m wondering if I should take over and rent out the rooms, while utilizing the available equity to apply the BRRR method.

I was a mortgage broker from 2004-2009, my father is a contractor and I have several friends that are realtors - so, the industry as a whole is not new to me. 

I've been in the insurance industry for 10 years now and have owned my own agency for 5 years.

With P&I, taxes, utilities, insurance, rehab costs and roughly 30-35% (10 vacancy,10 management,10 capex and 2-5 for repairs) variable expenses.

Credit Utilization: Having a high credit card limit, but not using a lot of it helps. 3.

When you are still relatively new in the industry, every analysis is subject to over-scrutiny (mostly by me lol) and I wanted to feel confident in the numbers that I present.

To maximize our tax deductions and utilize every write off we can we need to set up an LLC..

Residentshall be responsible, at Resident’s expense, for hauling to the dump those items too large to fit in the trash containers.Resident shall not dispose of any flammable liquids, rags or other items soaked with flammable liquids or any otherhazardous material in trash containers or bins;(b) to properly use and operate all electrical, gas and plumbing fixtures and keep them as clean and sanitary as theircondition permits;(c) to keep the premises and furniture, furnishings and appliances, and fixtures, which are rented for Resident’s exclusiveuse, in good order and condition; that all rooms on the premises and all appliances and fixtures on the premises must beable to be used for their intended purpose(s);(d) not to willfully or wantonly destroy, deface, damage, impair or remove any part of the structure or dwelling unit or thefacilities, equipment, or appurtenances thereto or to permit any person on the premises, to do any such thing;(e) to occupy the premises as a residence, utilizing portions thereof for living, sleeping, cooking or dining purposes only whichwere respectively designed or intended to be used for such purposes.