I wouldn't advise putting all $80k in your first deal.

Hello I am new to all of this.

I've not done that remotely, but it could be done.I have a handyman that gets used appliances all the time and installs them in my rental houses when needed.It would take some trust or coordination on your part but could save you some substantial money.I'm sure you could find someone on the next door app that was handy and had a truck to go pickup stuff.

As well as training towards an Iron Man one day.Excited to learn and connect with you all!

Hey all!

My W2 income takes all my FEIE, can I have our rental property business expense her management at $100k? 

This includes getting comps or an appraisal to verify value, lenders title insurance,  a proper note and mortgage,  and you must be listed as a mortgagee on the borrowers property insurance policy.Our lending criteria in our lending business caps our loans at 65% of the after repair value and we control all rehab funds as we hold them in escrow. 

Typically what would come would be all of the notices from the IRS notifying you of their intent to lien the property, which usually give you time to resolve the situation. 

I agree with all that @Travis Main said above, esp the part of having 10-15% contingency in your budget.  

I want to get all the insight that I can get before I’m acquisition something.