I’ve had a couple of clients in both Austin and Scottsdale who’ve looked into similar options, and the truth is, it’s one of those niche areas where the institution you choose can make a big difference.

Most of the local groups are completely free.  

Depreciation will continue to provide tax savings for years to come, of course.Appreciation isn't cash earnings, of course, until the property is sold, but it does factor into the overall wealth building opportunity in real estate investing.

@Annie ChienOK, let's back up from "how" to do the renovations, and start with whether this is even a viable 'deal' or not.what are the numbers - purchase, renovation, ARV? 

We will renovate all 4 units and then rent the units out.

Hello, I am from TX, but considering investing in LTR in the Tulsa, OK area.

I have an option to buy a house for 290k with an ARV of 350-360.I have the funds in cash but was told I need to wait 6 months before I can refinance for the ARV and not for the purchase price I paid for it.Any suggestions on how to buy it with the option to refinace it right after??

Welcome to the forum Edward!

But it does feel weird having a “stranger” you’ve never met in charge of several hundred thousands of your money. 

Super excited to learn from all of you!