The issue I’ve found when analyzing LTR properties with BP Rental property and Rent calculator is my cashflow is negative (I’m using calculations based on numbers outlined in the BP Rental property webinar). 

(The reason you pay an expert not listen to me or the internet.)I BELIEVE in a community property state you get a 100% stepped up basis.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Hey all, I am a former "Big Law" attorney and real estate investor turned solo practitioner based in Houston, Texas. 

Although it is not a home run, it is a base hit, and I will take a base hit all day long How did you finance this deal?

Hello Brandon Sisco, finding the best lender for a 90% loan-to-value (LTV) mortgage based on bank statements can be challenging, as these loans are often geared towards self-employed borrowers who might not have traditional income documentation. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Lenders will qualify you based on the monthly rental income covering the full mortgage payment instead of using personal income and debt.

I bet they got their "information" from the internet.

I've thought about it for a rental property, but it would require an internet connection, conceivably the tenant, in order to provide the feedback from the meter portion.