Just a heads up for anyone living in West Lafayette/Lafayette, Indiana area, there's a Greater Lafayette REI meetup scheduled for Jan. 21!

Those that work with investors frequently will turn the repairs around quickly allowing you to get it rented sooner and minimize vacancy (your biggest expense when the property is actually vacant).If you want to capture all your capital gains now without tax and put that into a multifamily, that may also be a good option - but you can still get some favorable tax treatment later even if you go ahead and turn it into a rental - so long as you lived in it 2 of the last 5 years at the time you sell it.Hope it works out well for you!

Good luck and beware of realtor rush.

And you are right, as a beginner we are so tend to over-complicate things, try to overthink 5 steps ahead and feel overwhelmed and then stuck.

It's wise for you to be thinking ahead like this and asking these questions.  

I may be getting ahead of myself, but I'd rather not double back on my efforts if someone else has already cracked this nut.Thanks to those that contribute.

If they are busy or seem rushed simply ask to call at another time or just move on to the next. 

But I'm just trying to get my ducks in a row here ahead of time. 

of course this is additional costs as well.Look ahead for the next year though when considering your monthly and annual expenses of the property and what your overall strategy would be.

Not only are the rehabs going to be even more of a pain in the *** than usual, the entire landscape ahead is unknown.