Oftentimes, we would work closely with CPA to make sure how our borrower's taxes can be filed that would save them from paying taxes, but also making sure they can qualify in a lender's perspective.You would want to make sure your first few deals has an acceptable of return in order to lower your DTI and expand your investment portfolio in Real Estate.

Have you closed yet? 

Would you have won or not even close? 

Being close to your rental allows for easier management and maintenance.

My client will also be needing a referral for her second flip that she is closing on next week. 

Hopefully, they can get close to what the true rent value is.

Your entity set up is right on par...and yes you would set that up before closing.

Good luck Account Closed

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

It may take 30 days to get under contract + 30 or so to close.