But we live in an imperfect, often overly-litigious world where many people have problems with alcohol and could be triggered or even be at risk of ending their hard-fought sobriety by the unexpected presence of a bottle in their living space.

I know there are plenty of insurance agents that want you to allocate a considerable amount to insurance regardless, as they are not fiduciaries and that’s how they make a living.

It is amazing all the folks that want to do this but just cant pull the trigger . they will pay a guru 10 to 20k or more and have no funding..

They have a good and simple lease builder as well.Use rentometer and the BP Pro rental calculator to be sure you price it correctly, and take into consideration any expenses you might not have considered.

As a first-time flip, I suggest we talk a little more deeply as to what considerations you plan on doing and your overall goals in flipping homes in that area.

Rents have gone up considerably.

This is because collecting rent is often seen as passive income, and the state may not consider this "doing business" that would trigger the registration requirement.However, states like California or New York may have specific rules, so it's wise to check state-specific requirements.Active Income (e.g., House Flipping):Active Business Operations: If you are engaging in activities like house flipping, property development, or property management, this would likely be considered active business operations.

And then take into consideration the higher time demand to manage turnover and screening applicants.

Before pulling the trigger on this, read up on prohibited transactions.

.- Buy a multi-family home - I've seen some for as low as $250k, but I'm sure there will be different deals by the time I'm ready to pull the trigger.- Take out an FHA loan for 3.5%.