After paying debts, they have $4,000 left, but they have to handle the expenses of four people, including growing children.EXAMPLE B: Single 70-year-old making $4,000 a month with no debt.

With the amount of fraud out there, you cannot be surprised that everyone is checking IDs like crazy.I have a good friend that just moved into a new house and the City Water Dept wanted every form of ID you could imagine.....including his SS #.

My plan is to self-manage the property and rent it out by the room, and I believe your expertise could provide invaluable insights to help me navigate this venture successfully.Specifically, I'm seeking advice on the following areas:Property Management Software: I'd appreciate recommendations for property management software that would streamline my operations and help me stay organized.Bookkeeping: Could you provide guidance on best practices for bookkeeping in rental property management?

You will be familiar with the area, so you know the ins and outs of the neighborhood, including its amenities, schools, transportation, and safety concerns. 

In addition, I think you are assuming a general contractor will extend credit to a borrower which isn't' always the case. in columbus we build and make everyone self fund a 30k retainer account in a escrow that they have control over because we build new construction multifamily at a discount and won't extend credit to anyone 

With $50K, that would be a purchase price of about $250,000 not including closing costs and repairs.

However, they perform all of the concierge services including advertising and booking.

Are you just looking for permit ready plans, custom design, and/or full services that include construction observation?

When the sq ft numbers for pre-fab are quoted, they typically don’t include the costs associated with site work, foundations, and utilities; they are only quoting the costs of the ‘boxes’ that get dropped on site.Many jurisdictions still haven’t accepted pre-fab buildings as an approved construction type as well, which can lead to a longer and more difficult permitting process.I would do my due diligence for sure before going down the prefab route

I am excited to engage with and learn from these people, including those in the BP community!