In it’s most basic definition Buy - Purchase a propertyRehab - Value-add with renovations and rehab things that need to be fixedRent - Find tenants to pay your mortgage (and maybe some cash flow)Refinance - Once the property’s value appreciates from rehab and reappraises for more than you purchased it for plus renos, you can use that gained equity to do a cash out refi.

In reality I do pay some taxes so in excess of $500/hour.  

The tenant didn’t pay last two months of rent and we have put him on collections.

That's the longer term plan once the last kid goes to school.

Hoping/planning to buy my first multi-apartment deal this year! 

She plans to rent out part of the time, but also stay there part of the the time.

I asked my mom to see what they want  for the house, I have a hunch that it's payed off and they just want to offload it, they mentioned doing a quick close .. the ARV is about $220k and she's kept up with maintaining the property.I'D buy it with hard money, fix a few things while she pays me rent (the hard money interest rate)  and do a cash out refinance in 6 months.Do you think that's a good strategy?  

After paying the city for a rental license and CO inspection and now a lead inspection, I’m wondering if I should pass these costs onto my tenants or is this just consider these cost that I pay for my business.

However, I am in escrow to buy a home, but my plan with this one is to rehab and turn it into a midterm rental as my very first buy-and-hold.

But if you increase the rent, how do you know they can pay it?