You’ll never find the perfect deal but the biggest part is just getting started.

@Genny LiThanks you very much Genny, I will check IKEA for the wood tiles, I am sure they must be waterproof but my biggest challenge is what is the best way to seal gap between tile and concrete, is liquid rubber a good candidate to seal that gap?

looking at doing a non recourse loan. deal is over 1m. this would be the biggest deal ever for me.Thank you!

Other homes would be expected to be in the $70,000 - $100,000 range for these same components with the balance of the mortgage held by a bank.Below are actual revenue, expense, and NOI numbers for this home which we would use as a model for further acquisitions.Property Management is high, it costs a bit to manage the placement of multiple tenants, handling of disputes, and collection of rents as well as mange the cleaners, landscapers, and handymen.The 2.5% for maintenance, and 5% for capital expenses would be variable but should not be much higher than 5%.

A business banker will lend to you based on your "Global Cash Flow"  That is not just W2 income but rather equity, rental income, other revenue streams.  

First of all, I would like to send my biggest thank you to all BiggerPockets folks, without whom our journey to REI would not be possible!

Personally, I would rather put the money towards expanding and getting additional streams of revenue. 3.

Hi Hi -- Gabby Adrian here For those of you who have worked with Lenders for Real Estate Investments -- What have been your Biggest Pain Points with Lenders?

Overall, i did not make a profit, but I will be still taxed on this rental revenue at my marginal tax rate?

Then, one of the biggest reasons I hate Quicken with a passion is because Intuit (Quicken) did away with the Quicken tax tables and instead of paying $120 per year Quicken wanted to charge me $99 per month, or $1200 per year.