To add to the current scope, we do not care for passive income, nor will we rely on it for at least 5 years, but need to break even or cash-positive at a minimum.

However, with strategic planning and assistance from experienced real estate accounting professionals, it may still be achievable for part-time investors.Primary Occupation: REPS is primarily tailored for individuals whose primary occupation revolves around real estate management and investment.

Take care to not commingle funds.The best advice is for you to spend money 💰 with an attorney in your state that is focused on asset protection.

If you plan on renting it when you exit the project instead of selling, you could do a cash out refi at that point using something called a DSCR loan.

This company called Zoom Prospector / GIS Planning does great demographic stuff in the PNW and Midwest.You can also purchase data... costs a few hundred, but may be worth it for scoping out-of-state stuff.

Negotiate terms with sellers based on your findings and financial analysis, and seek assistance from legal and financial experts to finalize the purchase agreement, financing, and closing process.Having a strong property management plan is crucial, whether you decide to oversee it yourself or enlist the help of a professional company.

Our plan is for the club to act as a limited partner in real estate deals and to teach students about investing.

From my question you would all guess I am a newbie at this.....here's my question, does the city actually sends somebody to inspect the property after receiving the license application or just issue the license if I go and apply for the same at the center city office.The property is being refurbished and plan to put it on the market for rent around Nov 1st.I appreciate your earliest reply.

I am not house hacking...I am planning to rent all the rooms out.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.