You can save a lot on costs if you do many repairs yourself.Look into hard money lenders or private lenders for the initial purchase and rehab.Connect with wholesalers, agents specializing in investment properties, and other BRRRR investors to find deals and learn more.

Did you use a hard money loan for this? 

Unfortunately almost every franchise involves renting the occupied space when the property would have made more money than the business.

Are you collecting properties or collecting money?

If you had also spend money on renovations and improvements while occupying those should have gone into service then as well. 

Using the 203k or now the HomeStyle loan you can buy a fixer upper and get all the money to renovate. 

All this is to say, I believe it would be money well spent for sure... 

I am proud to announce that I got another client under contract on a 4Plex here in Fairbanks Alaska. They are locked in with a 6% interest rate on a property that we went above asking price on. Currently under contrac...

Lenders want to see two years of stable income before they loan money to you.

Sometimes, we tax professionals can save you a lot of money or save you from a major problem.