To prepare, focus on saving for a strong down payment and maintaining a solid credit profile, as both are critical for competitive financing.If possible, look into FHA or conventional loan options for owner-occupied properties, which may offer favorable terms, especially for first-time buyers.

If you choose this route, make sure to have clear, written agreements in place and maintain a professional landlord-tenant relationship.

It’s important to balance cash-out refinance with maintaining healthy cash flow from rent.Mismanaging the Rehab Process:Delays in the rehab phase can eat into your profits.

U needed to be in the bizz IE full time Real estate bizz to take the deduction and it had to be new builds and you were the first one to put them in service. 

They maintain access to the house managers and meetings, and while we make the transition to independent living as seamless as possible, they are essentially on their own. 

Often, safer to file with the understanding those fees may be wasted, but better than waiting and then the tenant does NOT vacate (causing more lost time/rent).Usually court date will be 2-3 weeks after filing, which means 1st or 2nd week of following month.

My ultimate goal is to transition into full-time real estate investing.My current home is a 3-bed, 1-bath, approximately 1960 sqft, needing updates.

I am a first time home buyer looking to purchase a home/multi-family property. I've been interested in Real Estate for a long time now, was even a loan originator at one point. My goal is to obtain finacial independen...

Just giving out free stays near yearend will not help in maintaining customer stays.

I usually suggest to my clients the equivalent of 3 months’ rent held in escrow and double the daily rent rate to be charged in the rent-back agreement starting after agreed upon move-out date if they are not out, with seller maintaining all utilities and repairs on appliances and systems until move out, especially if you’re planning to renovate, anyway.