My 6 month goal is to create a strategic real estate investment plan,  build my foundation of knowledge via BiggerPockets podcast/ webinars, and continue to save (I will have 60k cash to invest) My one year goal is to make my first real estate investment purchase.This is very vague, although I am currently reading Brandon Turners book “Rental Property Investing” and creating my plan to be much more detailed and intentional! 

It may not be a simple DTI calculation but rather including your liquidity and assets into account - which may be a little complicated.

Hello,Can I include rental loss in my tax filing for last 3 months of 2023?

Previous owners created a DIY nightmare.

A lot of people can swing the 6% on a permanent basis, but not in years 1 and 2 when they have to buy all the "accessories" that come with a new home, like the new furniture, the redone kitchen, landscaping the yard, bla bla bla.By frontloading the monthly savings into year 1, poof, we've created a furniture budget. 

I’m interested to know how to get around it when my taxes & insurance (including flood) are all paid through an escrow company. 

I am certainly afraid of the unknown, which would include those fees eating up the equity that I have built to date.

Here is one I added to this list specifically resulting from this transaction:      Are there any persons or pets presently living in any of the units that are not included in the lease agreements?

It includes a primary residence, as well as a detached garage/storage area in the backyard that I am looking to convert into an ADU (Accessory Dwelling Unit).

As for your down payment, I can’t personally speak to a small business loan…you would just want to ensure you include those payments in your analysis and prepare to be repaying the small business loan and other holding costs during the flip.