I did all of the demo myself immediately after buying, and I lived in a construction zone for an entire year (one working toilet, no stove, no fridge, no flooring, no furniture, no cable, no TV, no internet).

It was determined the upstairs AC unit failed and the water was from accumulation in the air handler, the amount unknown but enough to cause damage to our ceiling.   

I truly believe in " hard work determination will pay off".

@Richard SnyderThe first thing is to determine whether claiming the real estate professional designation will benefit you.If your rental tax losses are below $25,000 and you make less than $100,000, you may not benefit as you would be eligible to take the same losses regardless of the designation.If you do benefit from being a real estate professional, you have to note that there are a lot of rules/record keeping required to actually get the benefit.

Whether you hire out everything or are more involved, plan from the beginning to be able to step away from the business if you need to.That requires careful analysis of the property BEFORE you buy, to determine if it meets your financial goals AFTER including all expenses.If any turn key company sends you a cashflow analysis without at least TIMMUR: 1.

The plumbing work only consist of interior work if anyoutside or exterior lines are in need of replacement those item will be determined later and will be at an additionalcost.5.

Hello everyone, I know it's an incredibly simple question, but I really want to corroborate with more seasoned wholesalers how to determine if I am asking for too little or too much when wholesaling a property.

This is determined when filling an SOO ( statement of ownership- formerly statement of location) . 

I'm a recent grad and just went to my local credit union for approval, and they said they'll look at my last paystub to determine income.

If it's a commercial property the property value is determined by it's Net Operating Income (NOI) and Cap Rate.