Just purchased my first SFH rental off-market. Needs extensive work but don't know true extent. I do know it needs P/B foundation repair, new tile, and plumbing updates. My question: is there a general order of doing ...

All their clients tried to blame us for not being able to:1) Do the rehabs on the budget advertised2) Get the rents they were promisedCheck out our website and DM us if you'd like more info or discuss the proper way to invest in Detroit:)

Confirm with your CPA that any excess loss was reviewed for NOL calculation and properly carried forward.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

I’ll try to answer some of your questionsonce a note has matured the note holder has the legal right to call the note due - with proper notification to the debtor.  

As others has shared, I am able to hook them up properly to avoid any issues with tenant installation.If a unit dies, and I do not want to replace it, I just terminate the addendum and remove them. 

Check with your lender and consult a tax professional to ensure proper structuring for interest deductions.

I live in CA (SF Bay area), looking to move out of state possibly Nevada in two years once my son graduates High School.We sold our manufactured home a couple years ago and now are renting and saving for future home.Thought about buying an investment home in Las Vegas and renting it out for the next two years, while we are not ready to move.

And I don’t know whether I’m up or down to be able to report properly... lol.PS it does appear there is a trend that many are turning into what is called a Bitcoin maximalist, meaning Bitcoin is the big dog crypto and all or most of your investment in the space should be in Bitcoin.