Also, are you living in one side and house hacking this?

HI Stephanie,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

I started my first house hack when I was 24.

For example, when pha slaps you with a surprise inspection cause their system "forgot" to send a letter and then issues a 24 hr repair notice cause one outlet in the house does not work but they send that notice an hour before they come to reinspect lol, a $7k course is not going to have prepared you how to get an electrician the same day.

Since I was a little kid my parents have been flipping houses on the side and some of my earliest memories consist of sitting on the floor of some random house while my parents painted the walls.

BTW the house is on a crawlspace, not encapsulated but not soaking wet either. 

The first way is build a team large enough to do it all in house, now you have a crew lead who can go estimate time and materials to get jobs done. 

Hi everyone, I’m interested in purchasing my parent’s next door neighbor’s house.

If the improvement has a life shorter than 20 years (items that would show up on a cost seg like carpeting, etc) you can take 100% bonus this year.

However, the house is under an LLC.