I would highly recommend that you speak with an attorney that does this on a regular basis to ensure you are protected and to ensure the loan docs are legally binding - the loan docs are of course key to ensure that you have documents you can execute on in the event of a default (mortgage, note, assignment of rents, personal guarantee, etc.). 

Assuming you don’t mind moving and can save the down payment and your cost of entry isn’t too high like a few places are.

Do the same for cabinet hardware and bathroom fixtures.

Hey @Seallington Touch, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

I would highly consider using a reputable company and opt for a Debt Service Coverage Ratio (DSCR) loan for a rental property for several reasons.

Instead, I would focus on buying the best quality properties you can afford in areas where you can't miss for the most part.

HelloMy mom is a retired Floridian/law enforcement officer who is now getting bit by the Fl home insurance bug...high rates.

The thing is, it’s rare to find a SFH in my target markets that fit my buy box because of either high prices or condition being a bit too distressed for what I’m comfortable taking on as a first purchase and having no experience in rehabbing a home.

So your rates will be high and term short.Good luck.

Tax rates are very high level, so you will want to adjust that as you pick a more specific location to model out.