I got it as a first time home owner so I only have to pay 3.5% down.

@Mike Jacovelli I have not had many negative issues.

, I only ask because I am new to this & I want to build my experience without any problems) What worries me too is that the fact that real estate is a serious business and the fact that people can get sued easily in this business by the buyer/owner.

There also may be some negative implications with the utility if you were to remove the system, as most net metering agreements are for 20 years and the utility may require you to keep the panels operational until the net metering agreement is over.

@Dewayne C.I use Quickbooks Self-employed, which has been adequate for me but I only own 3 properties (10 units total).

Negative credit history including bankruptcies or repossessions is unacceptable.Applicant is preferred to have a minimum of one-year verifiable rental history.

I do this because I am acutely aware of how financially stupid I was with my money in the past, and how throughout my life, I've developed bad habits and negative attitudes towards the very things that matter greatly in terms of success as an investor and entrepreneur.

Other than closing costs are there any negative impacts to refinancing a rental property?

And for me that wasn’t a ton because I lived with my parents and I only had to worry about them insurances and school loans plus gas.

@Mike Cumbie My reasoning in going for the 203K loan is that I only have 10-13K for a down payment and closing.