Allowing you to reduce your housing expense & put that saved BAH towards other rental properties.

Lots of people have been impacted by the pandemic (reduced hours, reduced wages, or been laid off).

It’s also a good look being proactive and taking these steps early - it will build your credibility with them.I saw Chattanooga is the area you’re wanting to invest in - great choice!

If you can find someone like that then the risk is greatly reduced.

However, any money saved from sweat equity can be used for additional improvements or used to reduce your loan balance. 

You don’t need a lot of money down and will drastically reduce your living expenses while you earn equity.

. :)If you have a $100k W2 income, then your rental losses, including depreciation, can reduce it down to $75k but not below.

If I don’t hear from you in the next 10 minutes, I will assume you aren’t attending and I will move on to my next appointment.Using this system as dramatically reduced any wasted time I used to endure as part of the showing process as well as giving me data about their timeliness/responsiveness/respect for others' time.At the showing, I collect their completed application (sent via PDF prior or filled out on premises), scan their photo ID and last 2 pay stubs.Then, I do some digging around online (social media, court records, Google) and if it looks like they are representing themselves to me accurately, I contact them to set up a "contract to hold" meeting - usually the day after the showing since qualified applicants need to be "closed" ASAP.

In your situation, it would be good to get an idea of rent vs pet fees, because if a tenant gets rid of their dogs, their rent would be reduced during the current lease.

She had two questions, which I don't know the answers to, so I'm asking y'all, and whoever knows about this topic, please speak up :)1) If she sells her rental the traditional way, and gets all her money out at once as a lump sum, can she put that money towards paying down the mortgage on her primary residence to reduce the capital gains taxes?