It is ALWAYS a GREAT day to get in and get started, A-L-W-A-Y-S!

Quote from @Nicholas L.: @Erik HeldtI'll just be blunt."

I had done a ton of sub2 to L/O's too and those came back to bite me in the *** as well.  

This is a common problem, but there are several actions we can take to curtail it:Follow the l/t regs in your state to properly notify the tenant about any damages that will be deducted from the security. 

Quote from @Alex L.: I love investing in Ohio, because the security deposit laws are so vague and bare bones.

Quote from @Nicholas L.: @Peter Woernerthe other issue is that investors are coming in now based on BP advice circa 2016 =(I think Becca is investor since GFC era if I am not wrong …but you are right , all BP default message has been outdated and foolishly may actually create danger situation for new investor. 

@SarahReece  do not know them but maybe research on companies like this https://pinefinancialgroup.com/investors/become-hard-money-l...

There should be a way to find out what the cost is of common materials.EDIT - I was interested in what is available on the island, here are some linkshttps://www.msivi.com/ - MSI Building Supplyhttps://www.lumberyardstjohn.com/ - St JohnWell whaddya know - https://www.homedepot.com/l/St-Thomas/VI/Saint-Thomas/00802/... 

And just like with the others above there are some good deductions you should be taking advantage of here as well.S-CorpW2 income – that’s easy, you probably understood that your W2 income can be added BACKK-1 income (box 1 & 2) – also pretty self-explanatory, but just in case, it’s added BACKAmortization/Casualty Loss – Added BACKDepreciation 1120s (line 14 & 15) – Added BackHowever….Mortgage Notes, bonds payable in less than 1 year (Schedule L, line 17)- this is SUBTRACTED from your incomeMeals & Entertainment (Schedule M1, Line 3b) – SUBTRACTED from your incomeNon re-occurring Other Income (1120s line 5) – SUBTRACTED from your incomePartnershipsW2, K1 (box 1,2, & 4), Depreciation, Amortization/Casualty Loss – all added BACKNon re-occurring Other Income, Meals and Entertainment, Mortgage Notes payable in less than 1 year, AND Ordinary income from Other (1065 line 4) – all SUBTRACTED from your income*WHEW* What a lot of information and we could probably spend ENDLESS amounts of time on this subject.

Quote from @Nicholas L.: @Kyle Klinethe best way to build initial capital for RE... is from a W2 job.private money isn't really a beginner strategy... and if it were easy to fix and flip to generate capital, we'd all have side flipping businesses.