@Carrie K. yeah we really can’t connect these days, weird times we’re living in! 

Originally posted by @Aaron K.

Why would you even consider renting to someone who you know has displayed such behavior?

On the annual K-1 you receive, it will show your % of ownership. 

@Aaron K. thanks for the advice - I'll definitely keep an eye out for general property condition and take notes of what may become potential maintanence problems

My strategy is a house hacking & BRRRR using FHA 203 (k) loan to help factor in costs of improvements and and repairs.

You had to pay 5% or $4k in Closing Costs and you fixed up the property for $20k for a total investment of $40k out of your pocket.Column D&E says that the Mortgage of $64k fixed rate with an Amortized 30 fixed rate Mortgage has a Payment of $343.57 per month and after 5 years (60 months), your balance would be $58,770.39Column G&H says that you sell the property for $130k, paid your Mortgage Balance of $58,770... some closing costs of about $6,500... you will get back $64,730 at the Closing Table.Column J,K,L and M tells you the return.Column K tells you that you put in $40k and got back $64,730.Column L tells you that in 2020 you made ZERO cash flow because you were rehabbing the Property all year.

Separately I just moved $110K from an old 401(k) to a self funded IRA. 

@Keith W. here are the numbers. 166k for rehab, 2.6k for closing costs, 2.2 k for loan fees,19.5 dp, 5k refinance fee= $195.3 cash spent.

Originally posted by @Ahmed K.