Purchase price: $260,000 Cash invested: $9,800 owner occupied, future rental property

Rehabbing properties and building a portfolio of rentals are two avenues I’m considering to get started.

The police said the tenant had 4 other properties he was doing this work at. 

W-2, 1099, etc.) with passive income/loss from my rentals (STR, LTR) is to meet the IRS requirements for Real Estate Professional Status or REPS (this also requires material participation in addition to specific requirements to be considered a REPS).Very unlikely that you will qualify for REPS with only an STR and a local property manager.

These types of properties are easier to come by, often better priced, and can increase your overall rent for the property. 

So far, I used photos from when the previous owner marketed the unit.

We recently bought a property that we have found out within the first few weeks of owning it that is has VERY SERIOUS drainage and humidity issues and lots of previous water damage that the sellers did not disclose.

I've been considering a property near one of my kid's colleges that is  currently a multifamily. 3 units: 2/1, 1/1, 1/1.

By the next morning, Dylan was at the property, contract in hand, securing what would turn into a $40,000-$50,000 assignment fee.

I'm currently working through a plan for my second rental property.