The deadline is very strict, and the custodian must receive the money by the deadline.If it's anything other than A or B - there could be some important complications.Once you acquire the property, ideally you should limit your personal use to no more than the greater of: 14 days, or10% of the total days you rent it to others at a fair rental price.If you exceed this number, your tax deductions will be limited.And when I say "personal use" it does not mean just you.

What I learned was mostly the process of buying a house and the importance of knowing as much about the property you're interested in as you can.Best of luck to you in your future investing!

Majority of the properties need to be off market for the rehabbers to make financial sense to buy them.Btw, it would be important for you to join a number of local REI clubs in Colorado after you move.

And equally important, do you have some reserves built, according to your risk tolerance level?

The building is built in 1970s and I am wondering other than foundation and slab what are the most important things that I need to watch out in order of most important to the lease.

I assume she's right, but that it makes a really thorough inspection that much more important. 

I'm trying to gauge 1. how worried should I be and 2. if I should warn them that it's important to schedule a payment before Saturday in order not to be late.Any advice, veteran cozy users?

Probably most importantly of all, do you have the cash for everything to break at the same time?

I'm looking to buy a modest fixer upper (not full rehab..yet) that will have an ARV that builds a little equity, but more importantly, allows me to cash-out refi and start to BRRR a little ways down the road. 

In this episode, we explore Charles’s story and the lessons he’s learned over his 20+ year career, including how his first deal failed miserably, how he helped another investor retire through rentals in just five years, and his strong belief that the deal isn’t as important as most investors think — plus so much more!