I have gone and took a stroll around the house and gathered all I could and there is very very minimal work to be done (painted garage, replace front door) But the interior looks brand spanking new aside from the fire place.

If I have a year where repairs are minimal, I save the money as repair reserves.

I bought them at no money down and they only needed minimal work to get them ready to rent.

We're here to help you minimize those things as you move forward . . . be sure to ask anything you want to know right here on the forums.

This home was my primary and is now a rental with minimal cash flow.

You will get a chunk up front as option consideration, a monthly spread and minimal headaches.  

Did you use 100 % of your CC balances or did you have certain credit utilization on each credit card in order to minimize the impact on your credit score? 

I would suggest doing further analysis on some flips, brrrr’s, or if the risk tolerance isn’t that high at least targeting a “value ad” approach where a mildly distressed asset is your new target focus, and you can do minimal renovation like paint and light fixtures and get a more premium rent…now hold it as is for 6 months in a bridge loan, wait and see how it goes but then pull as much capital back out on a refinance to do this twice in a year.  

Not a lot of maintenance and minimal rehab (less than 10k) B class and the cap rate is 7.4ish.

While yes, this can be cleaned up at the end of the year, it’s important to have your books clean throughout the year to be tracking your profits or losses to help minimize any surprise tax impacts.What are your tax planning tips?