@Alonzo MorelandGet the prelim in escrow during your due diligence period.

A prospective tenant may schedule a showing time through our system after being verified.Our system will automatically send a lockbox code to that prospective tenant that's only valid for the scheduled showing time they signed up for and will change after that scheduled period ends.

Start making offers and make sure to do your due diligence while in contract during the inspection period.

Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.This provision allows taxpayers to expense certain qualifying assets upfront instead of depreciating them over a period of years.However, there are several factors to consider when using this tax tool.Let’s break down how it works:What Is Section 179?

Get a 7-10 inspection period to check everything out on the inside of the units but also make sure to get the leases to review during your inspection period. 

Acclimating for at least the manufacturer's recommended time period, temperature and humidity prior to installation is key, as well as keeping the subfloor at the recommended temperature during install and after, sanding down any high spots/leveling the subfloor as much as possible (less than 1/8 in. over. few feet is ideal), leaving a 1/4" gap against the walls for expansion, and limiting the number of heavy objects placed on the floor in one area can help reduce gaps forming after install.

It requires less money for a down payment and you can easily convert it to a rental in a short period of time. 

HELOCs can be tricky with repayment periods and variable interests

I also do post to local neighborhood groups on Facebook periodically but recently have cut down on my social media dramatically (too much drama, arguing, and general hatred towards one another.)That said, when you meet someone for the first time and they say, "What do you do for a living" I've (finally) pivoted to say, "I own a small real estate business" first (instead of after talking about my W2.) 

A property may look good on paper in terms of appreciation but might not generate enough cash flow to cover expenses and build long-term wealth.Not Having a Backup Plan:If something goes wrong in any phase, such as a longer vacancy period or higher renovation costs, it can disrupt the whole strategy.