And , since I had been working in an industry I really wasn’t passionate about, this was my chance to try an industry that I have had a passion for for the last 12 years or so.

Technically we should call it basis reduction, but the end result is the same: he owes tax on the entire insurance plus appreciation plus depreciation.

I would highly recommend doing a renovation loan like the 203k or homestyle - you are able to leverage SO MUCH CASH for such a low down payment. 

Joining BiggerPockets is a fantastic first step – it’s where so many great real estate journeys start.

They could also call the local board of realtors and talk to the grievance or professional standards dept to file a complaint.

So all you see is problems. 

Plus, your proactive steps, like cold-calling and Driving For Dollars, show your commitment and enthusiasm!

--Context--So I took the leap, found a mentor, called over 100 landlords/property management companies, studied and created in-depth excels for the area I planned on investing into and I landed a deal!!

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

so, i just encourage you to be conservative and cautious.