I also had a green tag on the garage permit and thought that the certificate of occupancy was for the entire project. at which point I put the home for sale, only to learn that the permit for the garage portion did not have a final stamp of approval when contacting the building department, I was told by the manager he would not allow an inspection on the garage permit that I had not completed the variance process and would need to revisit the entire process in order to receive a final inspection on the garage permit . there is a lot more to the story than I would like to put here but I feel I am being wronged by the manager of the building department for some reason unknown to me.

Your employer plan will not allow you to use another plan.

Watch out for HOAs - not every HOA allows rentals and not every HOA that allows rentals allows you to rent out a unit immediately after purchasing it.

Option 2- Flip & SellCost of Repairs: $35,000 (There's a large unfinished basement, if I flip the home I would finish the basement)After Repair Value: $125,000Take Home After Loan Payoff: $44,000Other Benefits: Most profit, would allow me to be invest in my first flip local in Phoenix.Cons: This option would have the Most amount of stress, will require travel and stress.

John, QuickBooks Pro will allow YOU to CUSTOMIZE it by YOU creating DEFINE FIELDS (blank fields that allow you to input data you want to create) that no other software program will allow you to do.I wanted to see my tenants move in date, Security Deposit, Rental Amount, Move Out Date, etc. 

Congratulations on entering the arena.Have you allowed any other investors the opportunity to vet the property/deal you're purchasing from your agent to make sure you're getting a good deal?

I consistantly use Hard Money to purchase properties because it allows me to repair the properties I am purchasing.  

There is also "No Prepayment Penalties" so you can refinance in as little as 6 months.The All cash purchase allows you to get a better deal since the seller knows you can close quick and usually "No contingencies/No appraisal".

In contrast, the county currently allows you to build an ADU, but the moment you move out, you lose the use of the ADU.

Also, hard money loans are not allowed on primary homes.