Beyond title company fees, you may not have as many impounded for property taxes (which can really hit your cash reserves) allowing more cash for rehab or life.

They will depreciate the property based on age, wear and tear, useful life left, etc.

If life has taught me one thing, if I'm not making mistakes then I'm not trying hard enough. 

I have gotten estimates for $7500 to repair/replace the cedar siding but not sure what the life of the new siding would be and when I would have to replace the wood siding again.

Your goal is to solve the problem, not create a conflict where you don't have to, not impress upon your tenant your distaste and contempt of her life choices and standards.

I believe Real estate has the potential to provide for the goals we have as a family for the next part of our life's journey.

He had a knack for getting into these long lectures about how he invested in property throughout his career and the type of life it has afforded him.I am new to the world of real estate so I’m looking to network, learn, and start investing in rental properties relatively soon.

. $10k later they are off my back.Three months later…We closed on this duplex in New London a month ago to house hack a bit and live mortgage free.Took me awhile to find an insurance company because of the age/size and style of the property (it’s 5600 sqft, Victorian built in 1900).We ended up going with State Farm.Usual thing happened; guy comes out and takes a look, gives a few things we should “look at”.Tells me about a tree that needs trimming and a set of stairs on the deck needs repaired; no big deal.Two weeks after closing we get a call from SF that we have been “randomly” selected for a 3rd party inspection.Two week after that we get a call from the agent saying we now have 4 things we must complete to include CUTTING said tree down, replacing windows, fixing the stairs and now I have to paint the CEDAR shingles on the garage because only half of it is painted.As you would expect, I took this news very well and only raised my voice with the guy a little.He told me I had 60 days to fix or start the repair and that a letter would be issued on the 20th of August.Silly me, I though this letter would outline what I needed to complete.NOPE, it was a letter from SF saying that my coverage was declined and was accompanied with a refund check for my premium.Turns out that 60 days is from the date when the policy was issued, not the date of this letter.So we are now 30 days into the 60 days repair window and I’m just now getting the information… Oh and that 60 days also include a couple days to insure the agent has time to come out and re-inspect and send it to underwriting.So my 60 day window was actually only 20.Additionally, every time I call them to ask a question, I get yet another list of things I should fix.Stop giving me your opinion about what you think I should do and tell the required recommendations you need me to do so I don’t lose my insurance policy!

So if you're going to go down this route, as always in life, focus on relationship building with key people so you can turn to them when you need some help.

Can anyone recommend a CPA in Southeast MA....life in Foxborough?