As you can see, the tenant must pay a portion of the rent and they are often late.

Purchase price: $320,000 Cash invested: $90,000We bought this property off market from a wholesaler what first started out as a partial renovation ended up being a full renovation.

Have you thought about how long-term rental loans can help you achieve consistent cash flow and build wealth over time?
Share your experiences or concerns about investing in rental properties. Do you prioritize compe...

First off, congrats on the new journey, brother!

I was just on the BP Rookie podcast, talking about virtual assistants, and this community has been incredibly welcoming.

Here is a fun lil horror story to illustrate the need to line up your ducks FIRST!! 

For instance a zoning attorney or architect may be able to identify properties with favorable zoning or perhaps even change zoning  through a new zoning permit or a use change variance before the property is acquired.

Now I'll lurk on the site until I have something to contribute. 

The police said the tenant had 4 other properties he was doing this work at. 

When thinking about depreciation it's not about when you buy the property, it is when you "put it into service."