Cali and Florida are states to break into after:1) You've made some money2) You've gained some experience

Hi Moshin, unless tax planning is outlined in the engagement letter you would've signed, then that would not be included.

Finding deals (which a good agent can definitely help out with) is step one, but we find that a lot of investors struggle with the next 3-5 steps of a successful project which includes team members such as project managers, contractors, property managers, insurance agents, lenders, etc.

Hi @Andrew Rellinger,Based on the information you provided, the "make or break" for this rental is not going to be where or not you change out the carpet.

Collen, Maine is a rural state. i rec'd an invoice from the electrician that he bought 2 baseboard radiators and charged $1,000 to include labor.

Consider working with contractors or renovation specialists to obtain accurate cost estimates and assess the feasibility of your renovation plans within your budget constraints.Risk Mitigation: Keep in mind that renovations come with risks, including cost overruns, project delays, and unforeseen complications.

Every single person that calls that number back is stored in CallRail, including all inbound and outbound call recording for each person.

(i) The term "Insured" also includes(A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs,devisees, survivors, personal representatives, or next of kin;(B) successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization;(C) successors to an Insured by its conversion to another kind of Entity;(D) a grantee of an Insured under a deed delivered without payment of actual valuable considerationconveying the Title(1) if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by thenamed Insured,(2) if the grantee wholly owns the named Insured,(3) if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliatedEntity and the named Insured are both wholly-owned by the same person or Entity, or(4) if the grantee is a trustee or beneficiary of a trust created by a written instrument established by theInsured named in Schedule A for estate planning purposes.

No cashflow - It is impossible to make it cash flow or even break even. 

You're not going to count that annually, you know when tenants turn, when things break, when natural disasters happen-- go look at the average time spent on a 7-10 year look.