Even if you wanted to save that expense, you should "pay" yourself that amount by allowing for it as part of your expenses.The problem is: a bad Property Manager will cost about the same dollars as a good one - but your expectation of positive investment returns could be reliant on finding/being a "good one"!

Hi, I'm a 27 year-old engineer looking to learn about commercial real estate investing in order to acquire properties that will provide a steady source of cash flow that will allow me to continuously add to my potentially higher-return stock positions, as well as cover living expenses. 

Hi ChandraYou said that you own another home ( your primary residence).

If you get a positive evaluation, you should hire an MAI appraiser, to render an opinion of the fair market value of the property.  

I plan to expand in real-estate investing by acquiring more properties to provide supplemental income apart from my primary job.  

I am currently working in a low-level retail position while I learn and prepare for my next step.

The primary causes of being over budget were unexpected plumbing problems which then caused extra problems with the drywall and a decision to open up the house after the original budget was established.

I currently am eligible to take out a HELOC on my primary residence- Ive been approved for $70,000.

The primary r sid nice exception only applies to the portion (25%) you occupied. 

I went to a mortgage broker who said that due to my also holding a mortgage on my primary residence his underwriter said the following: 1.