Cost-Benefit Analysis: Consider conducting a cost-benefit analysis for renovating the basement.

I am turning 18 in less than 3 weeks and can say I have been a business owner throughout my high school journey, from small local hustles to building products in my basement to sell online.I am an aspiring Real Estate investor reading many books and conducting hours of research hoping to build an impressive real estate portfolio in the future!

Having valuable connections in Las Vegas, can provide insightful guidance for real estate investments, including local market knowledge and potential property management recommendations.However, it's important to conduct thorough research and evaluate other markets before solely relying on your connections in Vegas.

Conduct thorough research on potential properties, considering location, condition, rental potential, and maintenance costs.

Different from a residential tenant, you will need to have an agreement that states their expected conduct, when and how they will remove their tenant, and if you want any screening done in advance for the person(s) staying in the unit.

I work with investors who have never been to Indiana, and I do my best to keep them in the loop, but nothing beats coming out and seeing what you are buying.Great post Lee,If I can also add that there are too many horror stories around with out of state and country investors pulling the trigger to soon and getting screwed over by shady operators with their pressure sale tactics and gimmicks.Trust is built over time and not over one phone call or meeting.Spend that time in building a relationships with whoever your looking at doing business with and conducting your due diligence.Most operators are very transactional and if they can't make a quick dollar, you will find that their communication level will drop as enough time passes.

Failing to make sure it is all correct and you correctly conduct marketing and sales can cause you liability which can be fairly costly.Good luck.

So simply getting a licensee to negotiate the loan may not always be compliant if they do not conduct the work properly under the licensed company.In California:As a salesperson, once your employment with a properly licensed MLO real estate broker is terminated, your MLO status will be changed from active to inactive and you will have to obtain a MLO license from the DBO in order to continue to work for a CRMLA or CFLL company.

Most HOA's have some pretty stiff fines they can impose, they can conduct inspections that might not make you happy.  

If the net ROI from rental investing is superior to conventional alternatives, and you have comfort with this type of investing, then you are probably putting your IRA capital in the right place.In actuality, flipping in an IRA may not be as beneficial as you imagine, because this is considered a trade or business activity, and if conducted on a regular or repeated basis, is going to generate tax exposure for the IRA.