Hello,I recently found BP and have been devouring everything I can from forums to podcasts.  What am amazing resource.  My wife and I recently (February of 2018)  purchased our first rental, a 3 bedroom condo we paid ...

I make more renting each br separately in a 2br unit.I offer my cleaner and/or my other unit tenants a commission bonus ($50) for showing the place to someone who signs a lease (docusigned directly with me from afar).

Renovations and renting rooms is really what led me in the direction of investing (albeit a slow, windy one). 

The direct consequence is that our initial cash-neutral property just became CF positive in Year 2 and it will keep improving year after year (as long as you can increase rent in line with inflation, and that expenses also follow the same pattern).

View report*This link comes directly from our calculators, based on information input by the member who posted.

It was not an easy one, since we are in CA and the property is in OH, but we made it through and are looking to take on our next project.Bought: $79,900Initial budget: $65,000Real budget: $97,000 (mismanaged project by initial contractor (and second contractor))ARV: $219,900Improvements:Brand new siding on the second floor (was not in the initial budget)New roof (was not in the initial budget)Sealed and painted the basement - was quite creepy down there beforeOpened the floor plan from the living to the kitchen by widening an existing walkwayMoved the kitchen from one side of the house to the other to capitalize on the stained glass windowsGutted the upstairs bathroom and added really good looking featuresAdded a half bathroom and laundry room downstairs by the entry to the backyardNew ACNew plumbingNew electricOur contractor performed extremely poorly on this job, and I am happy to share a cautious word with anyone who aims to invest in Cincinnati about the team at Kaiker Development and Creative Customs Carpentry.

@Phillip Denny When it comes to IRA, you can convert an IRA into self-directed IRA account or open SDIRA if you're qualified, or in some cases into solo 401k if you're qualified.

Can any one guide or push me in the direction to were I can get good protective lease for a Florida residence? 

But am not sure what direction to go.

Always happy to get on a call.5 Things to consider before buying real state witha self-directed IRA