It was a raised foundation and they filled the floor heating vents with dog food.....you can imagine...John, which do you think smells worse - dog poop or cat poop? 

Starting with the fundamentals like property evaluation and cash flow management is a solid foundation.

Technically, those sleeping over 12 built after 2016 are putting themselves in a legally liable situation if something happens as insurance companies may not cover them.

With your CPA background and audit experience, you already have a strong foundation for analyzing deals and understanding the financial side of real estate—a huge advantage as you dive into this new journey.

Hello all,Looking at a 3 bedroom 2 bath built 1970 in a fair part of memphis.Price 39,000Repairs 10,000ARV 77,000Rents in the area 925Would you buy and hold?

Thank you for your insights, I was a bit vague, honestly, I've been looking at houses since I graduated college about a year and a half ago but life was in the way, had student debt to focus on, moved to a new state with no family or friends and had to build some form of social/work foundation in my eyes when I moved from NYC to VA to make sure everything that I decide I go into the life I am balanced such that I can focus on what I want with all of my energy.I am not moving on from looking at properties, over the time I've been looking at houses I have saved, I have researched, I have made connections with real estate agents in my area, I even studied for the real estate agent test but ended up not taking it for other reasons.

The good thing is the duplex is worth almost double what we built it for and we have had good tenants on both sides ($185,000 rental income so far) except for the bed bug lady so everything has worked out ok. 

Because thats about how long it teams to get stuff permitted and built out there. 

I have built up enough savings to purchase a multifamily property with an FHA (3.5% down) loan or Fannie mac (5% down) loan.

A building with 6 condos was built in it's place, each condo sold for $550K, or $3.3 million.