I am a travel nurse practitioner so I was considering taking an assignment in Dallas in January to go ahead and generate income there.

Should I still go ahead with the inspection and hope it is decent work?

I'm planning on buying a rental when I have 80k in savings which could be soon.On a side note if I do lose my job, that might be the extra push I need to get into RE full time.

And now I'm pushing the button and moving forward!

Hi Chan,It's the 26th of the month.At least you have a heads up on the lack of money.If it were mine, I'd give them three choices.[1] Come current with any back rent and pay in full on time and stay.[2] Move out before the end of the month and have the lease canceled (due to unforeseen medical expenses).

The reason is that if you have a negative cash flow property, and that single property pushes your dti far above what any bank is willing to work with, you will not be able to get another loan for another property.

My wife and I live in Edmonds, WA, and we own and operate one STR in AZ and we are working on buying our second property (likely in PA or FL).Thinking ahead to our third property we want to explore a partnership model and we need some education and guidance for how to structure things safely for all parties involved.

Kevin,Push them to extend and pay the fee.

Make sure the sign off is done before closing then feel confident in going ahead with the project.

Some things to think about:1) "I saw how easy it is to get a license here" - low barrier of entry is not a good sign2) "I currently own one rental in Columbia" - you have no idea what you don't knowWhile your enthusiasm is commendable, it won't pay the bills or increase your knowledge.Property management has a "million moving parts" and any one of them can trigger a disaster:(So, you may want to consider working part-time for an existing PMC to learn the ropes.Of course, you can also charge full speed ahead and see what happens...