I have a tenant who moved into my rental in California in Feb this year.

This question is asked a lot and there's a ton of value by just reading those previous conversations.In short, there are pros and cons to the program, all of which are well documented on the forums.

There are over 20 other real estate accountants on this site.

The property value on this date was $80,000.• On 11/17/2020 person A died.

Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.

I’m from the Houston area and imagine many in this group are!.  

This question primarily pertains to the signed release of information form. 

How would you handle this case and future cases?

Purchase price: $95,000 Cash invested: $175,000 I worked this deal for 10 months until finally got it.

I have to be misunderstanding something in the BRRR process because people are making this work.Please help!