I've been tuning into the BiggerPockets podcast for a while, and I've finally decided to metaphorically pull the trigger on starting my journey in real estate.

Hey Tanner,Welcome in, its a good idea to build your team as you get started and then being ready to pull the trigger when the right deal comes along.Our firm helps to track down unconventional financing for clients through various hard money/DSCR lenders.

We are calculating the rebrand will be complete in 8-10 months and expect it to be the new standard in that area triggering more behind it, and go a long way to improving another sector in the community.

I suspect that unpaid late fees will also not be enough to trigger eviction but you will want to check.I have found that starting the process on the 5th day of the month for late rent is essential - they may pay late again but getting formal letters to pay or quit might straighten her out.

I have a handful of my employees tried to make false injury claims, but they could never win, since my safety program has an embedded clause that they had not sustained injury during last weeks work, and when it is time for me to do a closeout on the project, they had to sign that the job was done and completed thereby no more work is left for them, this prevents them from collecting unemployment and making false injury claims.Anyway, I won't tell you what you must do to constitute right path, but I will give a scenario where it could go south, what you do with the thought is up to you.

Will review more before pulling the trigger.  

Transferring the conventional mortgage to the LLC afterward will, in many cases, trigger the due on sale clause which will cause you to go get the commercial mortgage anyways.The DSCR loan could be an option.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

I am a member of RETA, haven’t pulled the trigger yet because the idea of paying and waiting two or three years for delivery on speculation keeps scaring me away

I do have an agent that is helping me on the side to find deal but for a person like me; completely fresh of boat, I have no idea what to look for and extremely nervous to pull that trigger.