Find a deal that you can make the offer and obtain it with your conventional financing, thus avoiding the double closing and the loan costs to your friend.

How many bed/bath?

COC returns for both are double digits as well from my experience as well.

We definitely spent double what we originally budgeted, but during the rehab the market went crazy and we sold if for much more than we anticipated.

It’s a 3 bed 1.5 bath.

View report*This link comes directly from our calculators, based on information input by the member who posted.This is a 12 unit (6 duplexes). 4 units are 1 bed 1 bath, 8 units are 2/2. 

When you exit a deal, what normally ends up happening (like Tom Brady keep winning more Super Bowls) is that you go into two more deals (with now double the amount of capital) and you will likely find that with those new K1s you could result in you having way more passive losses you began with If you can see where this is going... yes, experienced investors with a lot of capital deployed might have 500k-1M+ suspended passive losses and have not paid taxes in years and do not appear to pay taxes for years!

However, the day they were supposed to come out they called to say they had double-checked and their tire hauling license had expired and hadn't been renewed yet by the state, so they couldn't come.

Drink some water before bed and have a goodnight!! 

After living in a condo by myself because i was a big bad 22 year old who deserved his own space, i started learning about real estate and traded in my $1200/mo payment for a house hack that gave me a 3-bed unit all to myself for only $300/mo out of pocket.