But between you paying down your mortgage, plus the tax write offs, plus market appreciation it sets you up for having tens of thousands of dollars in tax free gains when you eventually sell it.  

I bought a house at a foreclosure auction and am in the process of signing contract and preparing for closing in 30 days.

During the short sale negotiation process, they told me they would not sell it to me for less than $80k.

I am taking it all in as I am new to this part of the process.

6 months ago, I built a crude Google Sheets land search tool with GPT-4 post-processing to transform descriptions into yes/no answers.

I am in the process of looking at turn key investments in Memphis, Kansas City and Indy.

No one has more "skin in the game" than a PMC as they have to deal with the property every day until an owner sells or fires them.Also recommend finding your own Inspector and not one referred by an agent.

Hi Steve,The Dave Ramsey way of doing things is to write out a new budget every month, sell off anything you don't need or use, get yourself a small emergency fund.

My current primary DSCR is about 1.5-1.6x so I can repeat the process to the next one.

Just help them through the process.