@Chris SeveneyWe put tenants into collections without a judgement or involving an attorney.

Cohosting I have never done - it seems like a term that can mean many things to many people.Generally speaking I see in 2024 arbitrage is for people who want to be involved without actually investing, and cohosting for people who want to be involved but do not want to a PM...

Before I looked at the deal, here's what I asked from him:The purchase and sale agreementRehab breakdown documentation2 HUD statements of previous dealsDeal info (Property profile, funding, security, repayment plan, etc.)Title company involved in the transactionWhat I also asked for was a term sheet from the hard money lender that was lending at first position.

Applying for Section 8 housing assistance in Michigan involves several steps.

Unfortunately, the perceived excessive costs involved in purchasing real estate can intimidate aspiring residential real estate investors.

This could lead to significant tax savings, especially if you're actively involved in the management and operations of your properties.Additionally, starting a property management company would allow you to deduct a wide range of business expenses related to managing your properties, such as office supplies, travel, marketing, and payroll (if you hire help).

I set my tenants up on Zillow and they put their info in directly so I don't have to get involved with their bank at all.

However, if you are an investor involved in multiple cities, you might prefer a lender who is licensed in various locations.

.: There are ways for him to sell the property to you even with a mortgage, but there's a lot of complexity involved and I don't recommend it.

House hacking involves specific tax strategies like depreciation, expense allocation, and potential rental income reporting, especially since you’re in a different state from the property.You cannot just claim the house.