Quote from @James Cavanagh: looking to connect with the community contractors across United States that deal with fixing flips and realtors to areas, Texas and OhioGo to BUILD YOUR TEAM at the top of your screen and you can search for other MEMBERS or LOCAL MEETUPS.

I am open to finding a house that needs a fix up, however I am concerned with my lack of experience in real state.

Rather, you'll receive an income for life and then a charitable deduction in the amount of the expected remaining balance given to the trust. 

hi so my tenant filed complaint about the place is unhealthy and now I got a letter from the health department saying I gotta correct the following list. so first complaint is smelly odor from fridge, they told me to fix the odor but my question is isnt it the tenant responsible for their fridge and not me?

Maybe this topic has already been covered in this forum; please feel free to direct me to the previous posts.BRRRR deals are definitely not easy to find in Memphis TN because of the amount of competition in the area.

You could have reduced mortgage slightly with 30 year term and likely would reflect some small amount of positive cash flow but still I would refer to both cases as being cash neutral. 

:) G'Day Zair,Just commented the same to another fellow looking to do something similar to what you are.I think that BRRRR from out of state is very risky business.If I was you, I'd continue immersing myself in everything and anything real estate related.Come back home to the US and start in your local market.Using leverage should only be reserved once you already know what you are doing and you have experienced the income/expenses over a few year period.I've always believe that "Cash is King, Cashflow is Queen and Finance is the Peasant" lolIn your local market or a market of your choosing you can buy, fix and flip or buy, fix and refinance.But I suggest you buy, fix and flip until you have enough cash reserves to buy, fix and hold without it affecting your cash position for future deals.Build a strong foundation without leverage and only then start looking to refinance or finance.30-50% of your portfolio should be un-leveraged.It's a slow process but all good things take time.Just my opinion and wishing you much success

@James Ohliger what an owner is really doing when hiring a PMC is buying their expertise and time.You can think of expertise cost as a relatively fixed cost.

Most DSCR lenders will require a minimum loan amount of $75k.

Once my house is fixed it is going to cause an issue for my neighbors house and potentially the next house after that.I am hoping that they will realize that this impacts the entire block and not just my house...