Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I've found luck using actual tax returns as my income instead of talking about rents or how I rent it out.

I have a buddy (veteran) who may also be interested in this path but if anyone can give me some tip or direction that would be awesome.Thank you and have a blessed day!

Let me know if anyone is interested in being a mentor and sharing their tips.

So e plan is to lose 30-50% of the money in taxes and penalties the day you take the money out?

What's the ideal business structure in Texas for sole-owner, flipping business that offers anonymity, tax efficiency and asset protection?

Keep in mind, the transactional costs of selling a property in Philadelphia with the high transfer taxes and brokerage fees (althoug these are expected to be reduced in light of the landmark NAR settlement that occurred yesterday), adds additional transactional costs, especially in instances where the home was purchased as recently as last year as is the case with your home.

This is necessary to be able to garnish tax refunds in the event that you have to evict and get a judgement for non payment of rent.

I’d love to learn about tips and tricks that have worked for folks investing in the Orlando FL area

Here's a simplified and effective approach: Gather Information: Obtain details about the property, including its purchase price, estimated rental income, expenses (such as property taxes, insurance, maintenance costs, and property management fees), vacancy rate, and any financing terms (e.g., interest rate, down payment, loan term).Calculate Gross Rental Income: Determine the total potential rental income the property could generate annually.