I’m wondering if I should take over and rent out the rooms, while utilizing the available equity to apply the BRRR method.

With P&I, taxes, utilities, insurance, rehab costs and roughly 30-35% (10 vacancy,10 management,10 capex and 2-5 for repairs) variable expenses.

Credit Utilization: Having a high credit card limit, but not using a lot of it helps. 3.

@Corey CazaWelcome, pick a niche, learn to select areas and begin to analyze deals 

Obviously I know very little, but I have a desire to learn and I pick things up quick, so any input on what I should do would be great!

Not sure how you picked this forum?

To maximize our tax deductions and utilize every write off we can we need to set up an LLC..

Residentshall be responsible, at Resident’s expense, for hauling to the dump those items too large to fit in the trash containers.Resident shall not dispose of any flammable liquids, rags or other items soaked with flammable liquids or any otherhazardous material in trash containers or bins;(b) to properly use and operate all electrical, gas and plumbing fixtures and keep them as clean and sanitary as theircondition permits;(c) to keep the premises and furniture, furnishings and appliances, and fixtures, which are rented for Resident’s exclusiveuse, in good order and condition; that all rooms on the premises and all appliances and fixtures on the premises must beable to be used for their intended purpose(s);(d) not to willfully or wantonly destroy, deface, damage, impair or remove any part of the structure or dwelling unit or thefacilities, equipment, or appurtenances thereto or to permit any person on the premises, to do any such thing;(e) to occupy the premises as a residence, utilizing portions thereof for living, sleeping, cooking or dining purposes only whichwere respectively designed or intended to be used for such purposes.

I would be interested in meeting and picking your brain if you are available. 

How can I find out the location once its been picked?