Here's a list to give you an idea:Startup Costs:Down PaymentClosing CostsProperty InspectionAppraisal FeeProperty InsuranceInitial Repairs and RenovationsEmergency FundOngoing Expenses:Mortgage PaymentsProperty TaxesUtilitiesProperty Management FeesInsurance PremiumsMaintenance and RepairsVacancy CostsProperty DepreciationLegal and Accounting FeesRemember that these costs can vary based on factors like location, property type, and personal preferences.

My personal trusty cash flow analyzer has served me well for my own deals, but it’s upgrade time for something with more oomph.

The subdivision goes from 150k to 1 million in price.If your friend owns other properties that are trophies I would definitely cross-collateralize some or all of his other properties and get a personal guarantee.

I personally have bought places and started rehab and then involved a bank before completion.

Personally hammered every shingle on that new roof and painted the interior.

I don't want anyone to feel like I am forcing out Step-dad, but it is a big house and the rent (and upkeep) are more than one person may want to handle.

Just spoke to a property owner we met here on BP.Very nice person who's been DIY managing their double-digit doors after being burned by bad PMCs in the past.Wanted weekly in-depth updates, all rents deposited in their bank account - and then they would pay the PMC their fee, and expected the PMC to use their PM software.Pretty much looking for a go'fer person, NOT a PMC.We wished them good luck.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.As a reminder, bonus depreciation will start to phase out in 2023.

By the end of September, I will have 25k saved up to use on a property (outside of my personal emergency fund of course).

I lost everything in 2008 during the recession.  13 homes all in the suburbs including my personal home in Royal Oak.