My advice to you and your wife and my own personal method for someone who also lives in North County San Diego(Escondido) is to take advantage of your VA loan and buy a primary house first.

I’m local to the KC market and work with investors on the turnkey side as well as some on the Brrrr method.

Cash would be $159kI would need to discuss this with my attorney but the nuts and bolts would be $184K purchase price, 7% interest only for 10 years with 20% down.I’m looking to make sure my formula is correct but would like for members to break this down.

If I understand depreciation correctly the renovation is being depreciated at 1/27.5 a year.

Hi David, apparently my last post was solicitation, so let me correct that by saying welcome.

I might have wasted money forming that LLC...Another section of interest seems to work against real estate investors who want to lease their own properties from getting a real estate license in Virginia because the investor would have to be under the supervision of a broker while they are a licensed salesperson (at least three years) despite owning the property (if I am reading this correctly):"D.

We had so many issues with correct payments, insurance fees, etc.

He suggested ejectment would be the correct approach as there is no lease and it is not a holdover tenant.

Every company is going to operate a bit differently and you want to ensure that you are comfortable with their operations as well as their style of communication.No company is perfect but a great company will provide great communication to owners and tenants alike and be proactive in refining their systems so when the inevitable hiccups occur there is a plan of action to make corrections and grow stronger over time. 

If you write the letter correctly, you won’t get angry calls.