Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

Unfortunately-due to the location of the dwelling, and the detached garage being within 10 feet of the property line of the adjoining property.

I coughed up 14k to replace the entire sewer line.

Generally, in the beginning your property will show a taxable loss because of depreciation and whether you can use that loss against active income (W2) will depend on your MAGI (for simplicity your AGI, line 37 of 1040).

Maybe you need some help finding an investment property to start BRRRing, multi family, or single family, you can’t start something if you never take the first step, start small, little bits of information lined up in the right order yield fantastic results.

Maybe you need some help finding an investment property to start BRRRing, multi family, or single family, you can’t start something if you never take the first step, start small, little bits of information lined up in the right order yield fantastic results.

You may want to get a renovation loan (something like hard money) to get the property renovated and then refinancing that into a longer term vehicle 6 months down the line. 

It is a joy waking up every morning and jumping out of bed because I am excited to start the day.If you work 40+ hours a week to earn the money and time to do the thing you love, you have already lost.

Also, what would be a good amount to have in reserve for a 3 bed/2 bath single family home?  

Worst they can say is no I suppose. 3 bed 2 bath, 1050 sq ft.