And you simply deducted lot value then you got to write off 50% of the balance year one.. and there was no recapture after a sunset period.. this was the gulf opportunities act post katrina. 

Solid 2-4 unit properties are so scarce in these areas (~21 sales in last 12 mo between the 2), the market simply doesn't allow a buyer with a low downpayment to enjoy any "income" out of the gate.

@Robert Lum  you bet you can troll around a site like BP read their books listen to the pod cast of those that are successful and talk about their business's.. its inspiring and motivational.but if you really want to learn the nuts and bolts you need to get in the game.the best and least expensive way to do that is to simply take a pre license course in your state.. learn the laws ( the real laws not the BS that is talk about on line).. terminology etc. then go to work with a brokerage in the aspect of Real estate that interest  you.. there you will get REAL training by those that are successful you get on a team.. you get paid as you learn.

I wouldn't let anyone tell you not to do it in 2024 unless you simply don't want to. 

The other attempt at affordable is density through what they call their middle housing zoning and up zoning existing parcels. again led to building boom but still nothing sells for much less than 500k.

Many investors - including Dave Ramsey - attempt to gain wealth quickly through risky leverage, and they fall flat on their face.

(no waiting period to simply refi what is owed) DSCR programs are not purchased by Fannie/Freddie so they can set their own rules and some have a waiting period as short as 3 months. 

I would have talked to them BEFORE cancelling the painter and given them the option of which way to go, but since you already cancelled the painter I would simply charge them prorated rent for the 5 days until the painting is complete and deduct that from their deposit.

I simply take a picture, text it to the tenant and they add the payment to their next month’s rent payment.

**Tier 3** - Have an in-depth discussion with your lawyer, CPA, and lender about your goals, and then have an attorney set it up according to your needs.I do not recommend attempting to do it yourself unless you have experience.