In order to shift NOI you have to reposition the building.

Any capital improvements you made on the property should lessen that tax burden on this sale, however, your CPA should have already explained that. 

He will install new luan on top of the plywood that currently has carpets in order to make the floor smooth. 

If you've made it this far into the small book I've typed here, thanks for sticking with me. 

I made my first purchase without much education or number crunching, so I definitely don't want to make that mistake again! 

We made the offer without seeing the same day we got the call from our agent.

Seek for mentors in your area or participate in internet forums to network with seasoned investors.Keep in mind that developing competence takes time, and by demonstrating curiosity at an early age, you've already made great progress.

Additionally, my area has an abundance of 4-family properties in those in-between areas where a would-be house hacker can benefit from the four rental income streams (instead of just two if they bought a duplex) in order to help stay within the DTI requirements. 

What made you interested in investing in this type of deal?

Purchase price: $104,000 Cash invested: $20,000 Deal Deep Dive: Strategy: Buy and Hold Mid-Term Rental Buy Box: - Within 15 minutes to a major hospital - Within 10 minutes to a Starbucks (LOL)- At least two bedrooms- Light Rehab Only (paint/floors/decor)How I Found the Deal: '- networking with fellow local agents (I am an agent, for context)How I Negotiated the Deal: - Gave the seller what they were asking for to get in contract- Negotiated seller credit based off inspections - Told the agent who brought me the deal that HE could represent ME in the deal, which made it a win-win-win.