Wanted to see what the experts in this community seeLocated in NJSFR, 3bed, 1bath, 1,100 sqft, lot size 9,435 sqftSits across a lagoon, Waterview not waterfront, currently not in a flood zone (reassessed next year and expected to fall into one)*Town requires that it be lifted by 2024, the cost will be about $50,000 all in.Purchase Price: $175,000 (10% down)Last Tax Assessment: $236,800Taxes: $5,328 per year ($444 monthly)Home Insurance: $1,200 ($83 monthly)Flood Insurance: $450 ($37.50 monthly)PMI: $101 monthlyElectricity: $100 MonthlyGas: $50Water Sewer: $25 MonthlyRepairs & Maintenance: 5% ($110 Monthly)Purchase:Down Payment 10%: $17,500Estimated Closing Cost: $9,000Total Down: $26,50030 Year Term @ 3.875%The goal is to rent the other 2 bedrooms at $750 each. 

If your local governments don't extend their moratoriums, you may be able to resume evictions (provided you don't fall under one of the provisions of the federal eviction moratorium from the CARES Act). 

Purchase price: $162,500 Cash invested: $45,000 Sale price: $247,900 100 Year old classic craftsman.2 bed, 1 bath with a full basement.Still had active knob & tube wiring and it's original galvanized plumbing.An original porch that was extended and enclosed and about to fall off the side of the house!

Thus, a refi on the first home to acquire a second home, even though secured by the first, seems to fall under the guidelines and would not be deductible.

(FYI, never post how much capital you have to invest publicly...)There are a few top options that typically fall under the passive investor purview: syndications, private lending, notes, turnkeys, and triple net properties.You can learn the basics and principles of those from podcasts, books, and YouTube channels.

Tell the prosecutor the victims advocate in the assault case that the landlord is trying to use civil courts to intimidate you.

If there is a liability claim (tenant falls and breaks a leg) the tenant liability insurance will protect you, as well.

I am thinking this fall/winter will be a good time to add a pool and do a third garage/pool house addition and would like a construction to Perm. 

I run a small machine shop, lawn care business, and last fall I got my real estate license and work under Keller Williams.

I bought a distressed home in a great area in fall of 2018.