Found the owner and asked if they would like to sell.

I want to do the project for the long term hold and cash flow aspect.

As the current tenants been there for some times, deposits as well as the rents seems to be lower than what the market suggests.

Many attorneys charge a consultation fee that will be credited to my bill if I continue to work with them but I don’t want to pay for various consultation fees unless I know for sure that I have contacted the correct attorney.

His question was, if you have a long-term residential lease signed 1+ years and the property is rented out, does the mortgage still count against your DTI?

I can run the numbers for NOI-depreciation and this holds true, but not all of the operating expenses are deductible (or at least maintenance, vacancy and cap ex aren’t until that money is spent).

Upon acquiring the property, I notified the tenants that they had 150 days to transition to paying $900 per month.

It typically involves the following steps:1.Seller Deliverables.

This strategy has gained popularity because of its potential for building wealth through real estate.

We introduced a new color scheme for our new construction homes.Once the exterior paint was finished, we realized that we strongly disliked the color we chose for the garage door.Easy fix, spend the money to repaint the garage door and update the color package for future homes.Hiccups like this happen every day in this industry.