The entry-level Quickbooks Online software itself is expensive $250/yr... that's not even adding up potential books/courses, CPA fees or personal tax filing software like Turbo Tax.

To overcome this, you need to know the neighborhoods Here's a breakdown of areas that would be ideal for fix and flips and or rentals West Side Detroit Neighborhoods:Bagley 48221Fitzgerald/Marygrove: 48221Aviation Sub: 48204North Rosedale Park: 48219, 48223Rosedale Park: 48223Grantmont: 48223, 48227Grantmont #1: 48223Russell Woods: 48238East English Village: 48224Southwest Detroit: 48216, 48210Redford: 48239, 48240Warrendale:48228 I have given the neighborhoods and zip codes of the areas to be researched.

Sounds like a good plan - from a financing perspective, its a good idea to start researching now - for better or for worse, a lot of lenders view 1st time investors without a primary residence with a owner-occupied mortgage as a flag and might limit some options

Hi guys - would love any feedback on the below numbers I am crunching on a potential BRRRR deal.The plan is to hold on to the property, rehab it, rent it, and then do a cash-out refinance.

It also sounds like you enjoyed the hosting process and the communication with your guests and potential guests when you were handling your bookings yourself.So I say why not take back control of your property's bookings, get back into the game and save yourself some money? 

This can only reduce your potential market.

Repeat that research at the county and state levels. 6 review all info vs your UW and see if there is a land value above $0 that makes the deal work in today’s market. potentially consider a JV project with the property owner after doing the above as a way to make the deal work. it’s not impossible right now based on your question but it is very difficult right now to get the numbers to work

Also if families have similar schedules the hot water may not meet the immediate demand creating conflict and potential complaints.

Screen potential tenants thoroughly with applications, background checks, credit checks, employment verification, and reference checks.When screening potential tenants, it is important to use industry-standard forms and reliable screening services to ensure compliance with fair housing laws.

I don't know where they get their numbers and I asked my rep and he said they do their own data analysis...so make sure and do your own research on the numbers they provide.