I am currently reading BP books to learn everything that I can to become successful and look forward to all of the networking potential on this site.

Now, whether you may claim the full amount of depreciation depends on your status, but you can often recover a significant chunk of it.Step 4: Create an Investment GuideTo help potential investors navigate the investment process, I give a complete guide.

Tough to give an opinion without having some more info on the property, area, and of course who you're trying to appeal to with a waterfront property (yourself, potential renters...?)

Prior to taking on more ambitious improvements, you might build confidence and expertise by starting with a turnkey home.In conclusion, even though BRRR ventures might yield large profits, you should consider the learning curve and any potential difficulties, particularly if this is your first purchase.

That said, I see a lot of potential for things to go wrong and get messy here.

Will that revenue be divided evenly among the 7+ potential streams listed here?

The first property was a long term investment but I have a lot more flexibility now and am strongly considering moving there to house hack and potentially start building a portfolio.

Been asking all potential buyers for a POF to schedule showings for any wholesale properties we have under contract. 

Columbus offers a lot of potential for future growth with many big-tech companies either moving into the market or expanding their business here, which is contributing to rapid economic development.

And, with only 10% needed down for the purchase of the property, and only 10% down needed for renovations, it seems that if we buy a property right, renovate it and add 10% in value, we could potentially refinance into a more conventional loan without having to bring additional cash to the table .