I can’t say enough about the support I received and the quality of the mentors.

After that's under control, focus on increasing income through additional work at your current job, taking on a side hustle, or finding ways to increase income on your existing rental.At the same time, educate yourself.

Airbnb has this judge injury thing were they can rip your booking out from under you when the guest claimed extenuating circumstances. another nice thing is I haven't really been asked to review and I haven't really received reviews on booking.com like the insane hyper-focus on Airbnb.

How do you finance the tear down do you add it to construction?

In addition, these markets are seeing both home values and rents appreciate.Cash flow from a property will depend on your down payment.

We're fortunate to have an above-average income and live well below our means.This summer, we’ll be moving to Detroit (PCSing in August), and we’ve saved about $120,000 to invest in addition to having funds set aside for the home we’ll purchase in Detroit.The reason I’m posting is that I’m struggling to decide how to best allocate the $120k.

@Jonathan BlancoYou have received a few good replies so far.

These should be separate bulleted lists you provide to your borrower so they can send to their title company and hazard insurance broker.Now that you showed an interest in lending with no experience, you will no doubt receive DMs from every crackpot and their brother trying to convince you to lend them money.

Also, be sure to check with the section 8 agency managing the tenants - sometimes if you pass on an additional cost like that they will no longer be eligible to live there if the rent and utilities exceed what they were approved for.

So if you are doing an addition, you are only contributing to the structure portion of value, not the land value.