To thrive in real estate investing, you must maintain a firm grip on your finances.

Over the last 10 years I've created and maintained relationships with investors, now friends.

Especially if the seller wants to boast how amazing of a property this is for you to purchase, this would be the time to brag about the rents, how well maintained the property is, how great the tenants are, and so on...Hopefully the seller has been organized and is able to get this information to you quickly.

Old timers are more face to face meetings and these are the folks you want to have in your network.   

My questions here:For a vacation rental in a more remote location, what should I consider when restoring and maintaining a property of this size?

But in any event, that trade-in value will be WAY BELOW top retail dollar he could get if he could afford to list it on cars.com and wait indefinitely to get a top dollar on well maintained, reliable car of the same size and year of make.   

Might be tough from area to area, but I typically find that homes built before 1950 that were converted from single to multi family are 9 times out of ten - a full gut rehab and way too expensive for first timers.

.- **Subject To**: You're responsible for maintaining the original mortgage, including escrowed taxes and insurance if they’re part of the loan.

Hi @Noe Alonzo Nesmith JrI am a full-time real estate Broker and part-time investor in Northern MN.

Depreciation, the tax write off from my then high paying job had value.Over time, rents increased and property value went up.