The opposite of those 3 are true with Offset mortgages.

Knowing where the owner is coming from allows me to pivot when needed or understand their true number and what financing options exist with them. 

IF there is a recession not having the house of cards that is debt will put you in the most secure position, however just having the ability to purchase will probably be enough because in a recession sellers would have a harder time selling properties and in a true recession you wouldn't have an absolute ton of competition from cash buyers like the case is now.

I was not aware of that, and it could very well be true, but because this was not something we altered during the renovation, I don't feel it's our responsibility to address it now, after the home is sold.

This would even be more true if I were out of state and wasn't able to manage the work.

While the 50% rule is a crude rule of thumb it is a good starting point and keeps new investors from underestimating the true costs of holding rentals.

We stay full and charge top dollar.List on more than just Airbnb to maximize your rental potential.We have a card welcoming them by name and a sweet treat in the fridge.Check on them after they arrive and make sure everything is good and see if they have any questions.

Asset Protection is not just about preventing liabilities A true asset protection plan involves protecting you from the Big 4 wealth destroyers: 1.

Get access to your credit score (some credit cards offer this service or you can use sites like Credit Karma).

But that is very true, you can make the cheapest material look expensive all depends on you.