If your are truly passionate, you will rise to a level where you will be making good deals, big deals, life changing deals, put the mature card in the game and trust your hard enough of a worker or smart enough to know one day another good deal will appear that only you will see.

This is not a co-mingled tenancy by gender situation.  

Investment Info:

Single-family residence fix & flip investment in Denver.

Purchase price: $409,000

Cash invested: $61,000

Sale price: $542,000

Mid-Century Modern with huge yard. Lots of cool...

Here is alink to play with the numbers:https://homeguide.com/costs/co...

We are now one week into the rehab as I type this.Current BRRR Numbers:Pre-closing Costs: $2,740Plumbing inspection (because the house needed to be dewinterized, $150)Home inspection ($525)Appraisal ($655)Electrical inspection (because power was off on the day of the appraisal, $150)CO and Smoke Alarm ($366.57)CO and Smoke inspection ($52.50)Rehab consultant ($840)Kitchen Appliances: $2,000 (estimated)Plumbing: $7,300 (estimated)Oil tank ($1,800)Water heater ($1,000)Chimney liner ($2,000)Re-piping as needed ($2,500)General Contractor: $32,000Roof replacementDrywall patching and painting of entire house (trim, wall, ceilings)2nd floor bathroom spruce-upClosing exterior door in master bedroom and finish sidingBuilding two closets in two bedroomsBroken window repairsWindow frame repairsScrape and paint area over bulkheadFinish floorsRemove and dispose drywall from basement spacesRear deck repairFront steps repairInstall handrail to basementFoundation masonry repair and paintingRepair cement stepPatch area of exterior trim near kitchenPatch two rotted window sillsCap extra basement doorFill in dining room windowAsbestos: $1,500Electrical: $2,000 (estimated)Closing Costs: $3,733Home Purchase Price: $149,000Total All In: $200,472Expected ARV = $250,000 (initial appraisal for rehab loan came in at $235,000)Amount I have invested in the deal = $50,000Expected Cash Out at 80% = $50,000The situation is still very fluid, as we still have at least three more weeks of the rehab in front of us, but the numbers thus far are still looking promising, despite all of the surprises.

Initial tenants were all students, so I used a co-signer agreement for parents to protect against non-payment.

Just work with the case worker of the tenant call section 8 and find out who the case worker is for the tenant is , get their email and phone number , they will help resolve the issue , know that some of the section 8 programs are pretty tough on tenants they may end up loosing the voucher if they don't comply with certain rules.

I've been throwing cash at my debt for 2 years so I have 50k in credit available to me, but it seems I should have putting that cash aside all that time instead.One way to get around it is to add a co-owner to my llc which I could do but then we both have to file federal taxes on it right?

Though we have some renters coming down from MO and CO that have yet to cancel so fingers crossed. 

There are not as many oil field workers as there were a few years ago but these individuals will lead to a significant cost associated with unit turnover.