A cost segregation study was performed on this single family home in Fort Worth, TX purchased in 2023 with a depreciable cost basis of $272,633.

They have a report bills to credit angle.What will happen is that instead of you paying your bills directly, you pay tomo and they pay your bills and depending on how much you decide to pay them monthly they will report 1000 - 10000 in a type of credit line to credit reporting bureaus.There are a lot of these report bills to credit services available these days and most cost less than Tomo...Tomo Boost is the only one I mention because they can back up to 24 months... so if you've paying your cell, or Netflix or Electric Bill... literally any bill... they can back date up to 24 months.So... if you do both Tomo and Rent Reporters... inside of 30 Days you would have 2 accounts over 2 years old and your credit would be in a much better position for applying for a mortgageOne other thing that is worth mentioning is that INCOME is MUCH more important than credit when applying for a mortgage.

.- Neighborhood ~ C- but a C- area here doesn't mean too much, smallish town ~ only about 50k peoplePurchase Price: $660,000Appraised Value at Purchase: $730,000Interest Rate: 6.625% - 30 year fixedDown Payment: 10% / $66,000Cost to Make Rent Ready: $14,000P&I - $3803 T&I - $898Total PITI - $4701/moCapEx, Vacancy, Maintenance - $1099/moTotal Monthly Costs - $5800/moCurrent Rents - $3800 (3 units)Fair Rents ~ $5000 but will likely only charge ~ $4500 to start.

Otherwise appreciate the “increased rent” the late fees provide. 

Put 40K into repairs and was about 50K out of pocket on everything (taxes, court costs etc.)

When we had more properties we would increase it, but it was not linear, but for me comfortable would be $20k for the first property and $5k increase for each additional door on top of that. 

In total, the cost for all repairs came to $11,000. 

As an investor, I understand there are remodeling budgets that must be met for remodeling, and labor costs can be high.

Words are weapons, contrary opinions and words cause physical and mental abuse that should be responded to with force, need authority to step in to solve problems, everyone needs protection, trust emotions over reason, avoid bad experiences at all costs, the world is black and white battle between good people and evil people (there is no middle ground), etc.

It costs 75 dollars a month even if you dont use any water!