Indeed, for him and his limited experience, rents always go up may seem factually correct.

There maybe other options that can be worked out that may compensate for that $80 but I can't judge it from this far or by the limited number of details provided.

Definitely get pre approved before you start looking to buy as you will know what your limitations are, and definitely make a budget based on all your income and expenses now and what they would look like with a mortgage, water bill, utilities to see what works best for you. 

Always call references to confirm rental application details.

The simplest option is SEP-IRA, but it is limited in what you can contribute (20% of your net profit.) 

Hi everyone,I have an interesting question that I cannot find the answer to anywhere on the internet. I'm looking to purchase a 4 flex in New Hampshire with a VA Loan. My question is that if I get approval from the lo...

You can get all your deals done correctly on BiggerPockets.Since you have limited capital, you can try assignments or flips to make some quick cash while the contractor or renovator gets the lion's share of the profit since they will be doing all the work to make the property more profitable.

Also, remember that there is no limit to how many 1031s you can execute.

I do not currently have my real estate license, but have sent in my application to the Division and should be taking the exam in 1-2 weeks.

From the IRS.gov web site - An LLC applies for an EIN by filing Form SS-4, Application for Employer Identification Number. ...