Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

If you have no idea, how did you come up with those current rent amounts?

I like AK-51s though.Open to ideas for something to get my wife.

Tell us more and I'm sure the BP community will have some great ideas for you

Example https://www.meetup.com/topics/real-estate-investors/

That's correct, I spend $140 per month on QBO ($90 for one LLC, and $50 for the other) plus my bookkeeper that averages about $500-$600 per month.Great idea, and yes I would do a trial for a few months using both.

I’ve been investing for many years and had a few loans transfer previously but this year I’ve seen a huge uptick, any idea why?

I haven’t done my first deal yet, but through hiring a local contractor to build my personal residence I had this idea that I don’t hear people talking about.

thanks.Ask and answered already here https://www.biggerpockets.com/forums/51/topics/1223534-boi-r...