I will be renting out the home to an individual who will be sub-letting the home to an Assisted Living Facility.

Investment Info:Single-family residence other investment in Los AngelesGilmore Homes - Gilmore Loans, LLC is launching its affordable housing model soon, the MG 599 Modern Model.

Go conservative ) - Holding Costs (loan payment, utilities, insurance, etc) - Rehab Costs (you will have a good handle on this) - Closing Costs (you will pay closing costs on both purchase and sale of home)  - Profit (minimum you would want to take on the risk.

YoY is up 3.4%.Rentals - Availability by MonthThe number of homes for rent continued the downward trend.

I think it's important to start with this - is your 250k debt what you owe in principal on the mortgage on your home or is this separate debt (credit cards, cars, medical, student, etc)?

If not, how do people typically get started with their first deal?

@J Scott, how do you account in QuickBooks for an item that you purchase, say, from Home Depot, but later returned?

In my area, homes with pools tend to sell much quicker and at a higher price per square foot.

You’re borrowing against the equity in your home, so the money is not income but rather loan proceeds that you’ll need to repay.The pros of a cash-out refinance for most investors include the ability to build their portfolio and scale their real estate investment business.The cons could be trading a lower interest rate for a higher one and increasing your loan-to-value (LTV) ratio.

We had a squatter break into a home we had just rented but lease hadn't started yet, they let themselves in through the doggy door.