Also at the end of the fiscal year we typically take out an owners distribution based on how much money is still in the account and what our upcoming goals are regarding new expenses.

A good PM will keep you out of trouble and typically make you more money than they will cost you.

Negotiate with seller using the inspection report.Visit the area to get a feel for the weather/amenitiesIf you’re looking to get your money back down the line, don’t over spend on improvements Hope this helps! 

Hey everyone I wanted to warn you all of a predator & scammer who does all sorts of back end shady deala in multiple areas of real estate.His name is DJ Thielen and he always manages to scam everyone out of money.

If you are looking for local private money lenders, you'll find them at local meetups.

I chose to convert to a long-term because my time is more important than a little more money.

I hear a lot of investors complaining about the Philly market and saturation in specific pockets, but early there are still people making money on these deals. 

Rents in the area are anywhere from $1k-$1300 a month.My plan was to get a hard money loan to get it going and fixed up and ready for tenants, then within about 6-7 months refinance the home with a traditional lender, then sit with that home for awhile until I get fully comfortable with the one house.

This prevents me from purchasing and maintaining bikes & golf carts so I see it as a way to save money and give guests a better experience. 

It will make borrower money easier and cheaper.