Hi Melissa,if a tenant has occupied your home for 3 years you should expect that at the point you are turning it over to a new tenant there will be something needed besides light cleaning. 

Accepting a VA offer helps get vets into homes! 

Also when you’re looking at the Norada deal the front page only shows the basic numbers when you click the analyze this button it will take you to the page where you can add in the assumptions for vacancy and also the mortgage . 

What if i already own the home?

Learn the basics of financials in RE, build a strong team on the ground, understand the ins and outs of RE and what market your in, understand how to actually flip the home and what strategy you are doing (Highly recommend the BRRR) as holding homes is where the money is made.REAL ESTATE IS NOT EASY!!!

Beautiful home!

Hey Britney, I have a friend who lives in The Villages (north of Orlando) and you can get a great deal on a home there. 

If you owner occupy and rehab the home around you great while looking to sell at the 2 year and a day mark or later (to wash up to 250K as a single owner occupied/500K if married).  

I have been doing TurboTax for last 20 years and some of my real estate i purchased were in 2009(condo) and 2013(townhome) timeframeSince you purchased your properties in 2009, you likely purchased the properties at a lower price point than what the houses would sell for now.This means that your depreciation would be lower than others who purchase homes now.You should still have a benefit by depreciating the homes.

We were helping a friend renovate a house which had been home to a heavy smoker: one room was so bad - owner had smoked in the same chair for 30 years - that we had to replace the sheet rock on the walls and ceiling.There have been some studies in the past few years showing that the chemicals from cigarette smoke, even when encapsulated with paint, eventually come to the surface exposing future residents, in particular young children.