I'm going to add it to my mail list along with the names I accumulated yesterday from driving for dollars (If you want to see me driving for dollars, I posted a YouTube video of the process.

I have spent the last few months looking at expensive programs, watching everything I could on you-tube, reading and finally finding BP.

Purchase Price: 115,000Sales Price: 245,000Rehab: 70,000Holding: 15,000Closing Costs/Concession/Commission ~ 17,000Numbers are rough as I didn't keep the best records with all the different contractors and the fact it was over such a large time frame, something I will be improving on in the future because records are so important. 

Frankly if you have extra money you can keep that in the bank as a safety net until you feel comfortable enough with the income from that rental to then buy a second property.Most of my clients purchase with a loan but then as they generate income the revenue is put back into the property, through either improvements or paying down the mortgage. 

My biggest concerns pertain to:-Out-of-state investing-What stipulations are there for financing an investment property located in another state -Deciding on whether to personally obtain the loan or do it through partnership's LLC-If partner lives in area who is highly valuable, but currently rebuilding credit score, would they need to be involved in financing process-When partner's credit is improved, what are the stipulations for the partnership if we decide to utilize the 3.5% FHA Loan or use the partner's VA Loan benefit to purchase a multifamily with a 203(k) loanAny help would be greatly appreciated!

In order to have a new appraisal done on your property, you must have made improvement on the property since your loan was originated.

I'd love to see how you wrap the baby on your back, I've watched a few videos on youtube, haven't figured out which one to try so never bought a wrap, I use a Beco carrier currently (my husband picked it out).  

I wouldn't finish it to the buyers liking because they might make you do improvements which are out of your budget.  

We've managed to do well despite these inefficiencies but I hope to improve these processes going forward.Thanks for any and all information!

Long story short, after trying to sell it for 5-years, and spending more than $150K trying to maintain and improve it for sale, we lost the house to foreclosure because i spent all my money trying to maintain it.