After you qualify for REPS, old losses remain locked.

Hi Everyone,I bought my last 2 properties while I still had a W2 job.

A kitchen will last 20 plus years so choose wisely. 

Lastly If you don't intend to live there you might consider a house manager, and definitely consider additional cleaning costs and parking.

Rather than me saving up for a down payment to use with a Hard Money Loan to quickly purchase a property, I spent the last 2 years trying to balance out my debt from the program and debt from daily life.MY advice is DONT DO IT.

hi all I am new to Real estate and have been trying to buy a property for the last 2 years but it is not working out.

, you can fall down any steps Dryer duct , 30 dollars Windows missing counter weights .   

Once and if you get a judgment, you will still have to perfect it by collecting on it.Based on the information you provided about the contractor’s financial condition, collection seems unlikely.Sometimes it is best to take a loss and gain by the lessons it brings.

To answer your last question, I have a good sized portfolio so I keep about $100k in a bank to mitigate any risk.

Last year I got my real estate license to enable me to look for deals and help other investors with a similar mindset as myself find places to start their real estate journey.