It also continues on their credit.

My thoughts were:-Purchase at $220,000 with subject-to financing-Pay the $6k to get mortgage current, then take over the existing mortgage/payments-Give seller 2nd lien position and pay them $500/month (100% go to principle balance on 2nd lien)This essentially becomes a break-even (or small loss) situation on monthly cash flow, but I own the property with $0 money down and get the benefits of depreciation.

There are many benefits to getting into real estate.

I have good credit and enough money saved up for a down payment.

One benefit to buying now would be that we'd rent out additional bedroom to current roommate - so we wouldn't be paying more in rent than we are now.

However, I'm interested in more detailed guidelines regarding the specific categories of expenses and income, as well as any operational assumptions you might advise.For instance:General and Administrative Expenses: How do we determine if costs related to software, credit card fees, office supplies, etc., are reasonable based on the size (square footage) of the facility?

New construction has the benefit of having very low cap ex, if any, in the first 10 years.

A good mortgage broker will be able to get you something in the 5's on a 30 year fixed if your credit and the property will support it. 

Hello everyone my names Diego madera I’m 17 and I’ve been learning about real estate for about 2.5 year’s now I started by learning wholesaling but I haven’t taken any action this last year I learned about house hacking and fha loans I’m really gonna focus on building my credit and focus on getting my license since I turn 18 this year and I really wanna aim towards getting a triplex where I can net positive cash flow and just keep on progressing from there this is my first post that I want to hold my self accountable with 

Not getting proper permits and following the rules doesn’t benefit anyone, it just makes it messy and can be confrontational.