The costs to tear out the old carpet will be rolled into the cost to install this new carpet, so you aren't losing that money.Painting is a repair.It would be wise to at least consult a CPA on these matters.

If my roll were simply be a co-signer on the construction loan, what is a fair value for that?  

.-  Next, ask for a copy of the pro-forma from the seller, including rent rolls and details about each tenant (how long they've been there, when the lease expires, security deposit, credit reports etc). -  Then, check out taxes, insurance and other expenses (utilities, for example) that can pretty easily be verified.  

My first post aside from Intro, so hope this is the right place and would welcome any insights.I have an Entrust SDIRA that I funded from a roll over of some stock I had from a previous company I’d worked for and had basically ignored until recently.I have a person in FL that I (Lancaster County, PA) want to give a small 30K first position mortgage to.

I can also generate rent roll each month from Quickbooks and find rent owing very easily.Also one thing I really like, at end of each year, I can analyze the vacancy rate for my buildings, and the rent we lose on vacant units.Hope it helps.Originally posted by @Matt Faix:Curious what everyone does to keep track of all utility accounts and monthly bills for your properties.

You will want to see the rent roll, expense report, IRS Schedule C, Tax history from the assessor, Insurance policy and invoice. 

They just roll in into their mortgage payment, when comparing to other properties. 

Just my thoughts, but if you're good with a multi then roll with it and make some $$!

I am the main W2 provider of the house, and after 100k being tied up in these deals, we would be tapping in to our 6/mo emergency fund to start paying bills, until we can build our bank roll again from my W2 job.A) If i did do the BRRRR duplex, should i cash out refi or keep the money in and own it outright with higher COC return if I can afford it?

always great not to carry any debt at all imo keep grinding and saving get a couple more rentals and keep that cash flow rolling in!