Have you seen Rob Abasolo's (aka Robuilt's) videos about this topic on YouTube?

The later fee was for a PM to meet the court officer, remove the tenant, write a report on the condition of each unit along with pictures and a video.

Because it was a rental BEFORE it wa your primary you don’t get 100% tax free treatment.

Here's the rundown:Grandmother owns house (free and clear), her daughter lives in house as well with four children.Grandmother passes away, leaving behind Living Trust with a single asset (the house).

I have been BRRRR-ing properties in Milwaukee for over a decade and my team has always said I should make a video about how we do BRRRR's, but the topic does not really fit my YouTube channel (which is more for a residential audience). 

@Joseph Hammel get a free version of the online federal tax prep software available from a number of vendors.

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

If you need anything feel free to connect.

Additionally, we may include clauses allowing for mortgage assignability and a balloon payment extension if the property fails to appraise for a specified price upon balloon expiration.Find below the 3 single-family seller finance deals that have done so far. 1st Deal breakdown: Purchase price: $330,000 Loan amount: $305,000Monthly payment (P&I): $1,181.55/mo40-year amortization at 3.5% interest rate20-year balloon paymentMarket Rent: $2,100/mo__________________________________________2nd Deal breakdown: Purchase price: $200,000Loan amount: $175,000Monthly payment to seller: $500/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,200.Market rent: $1,750/mo__________________________________________3rd Deal breakdown: Purchase price: $175,000Loan amount: $160,000Monthly payment to seller: $437.50/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,400.Market rent: $1,500/moFeel free to reach out if you have any questions!

cash flow would be tight but you have a great rate. might be best to sell and cash in the tax free capital gains if you qualify and reinvest the money to make more money.