Approaching the end of my first BRRRR (rehab to be done in 2 weeks) and I'd like to reward my contractor with a cash bonus; I'm wondering what an appropriate amount of money is to give him.

I bought a 2Bd 1Ba SFR just outside Indianapolis for $35k in January. I intended to BRRRR the property & spent about $40k total to fix it up. Major issues with the 1st contractor, but 2nd contractor fixed things f...

I find the supplies usually get used and, to me, that's money well spent if my guest is keeping the property clean.

**This is my favorite** Buy the rental with seller financing, private money loan, or commercial loan in an LLC.

Can the time you spend learning about Rental Property count as managing your rental property?

@Sean Gallagher look at cost segregation from the standpoint of time value of money.

If you want to deduct money for cleaning, hire a cleaning company (which I know you said you don't want to do). 

Are you and your money basically replacing the construction loan? 

Let’s also look at income, not just total wealth, since many folks, especially hourly workers, in the bottom 50 unfortunately, really can’t/don’t save much money or own income producing assets.

What a way to spend a retirement.But some people did OK.