Completely not understanding your math.The 4 plex in Cleveland is 90+ the return is less then 12 so how in God's green earth does that come to 24% c o cIs that Australian mathThat's 14% !!

Also, we don’t have a car so it’s very difficult to discover the surrounding area.Have you read "Long Distance Real Estate Investing" by David Greene?

Safety Net - Aside from saving up the appropriate DP and Closing costs, add in a safety net to allow you to start in the “green” from day 1. ($5-7k is a good start for a duplex/triplex)

They should also have a 'set of books' or spreadsheet that can be used to cross reference.

We have plans to visit Lisbon in easter break. keeping fingers crossed/.

It is less than the annual cost, but law states you can’t profit on utility charges, which I don’t, and it’s close enough to neutral for me.It’s not worth my time to figure out RUBS or be a water municipality in addition to a REI, W2 employee, husband/father/family member and give back to community.Speaking strategically, you can choose your “issues” when you buy, and I don’t cross that bridge anymore.

You NEED cash cash, real green stuff, no borrowing this rehab cash on top of someone elses 1st mortgage. 

I’m currently reading David Greene’s book on BRRRR.I also learned about a local RE meet up group that has a webinar tomorrow evening hosted by Cincinnati’s Best Ever REI Mastermind.

Also, if you want to take a deep dive into building a team from a distance, I encourage you to read David Greene's "Long‑Distance Real Estate Investing".

But, since you can’t normally cross deduct passive and active income, you are basically screwed.As one accountant here on bp has said, you can have 100properties in one LLC, 100 properties in your name, or anywhere in between.