I read somewhere that people can put together elaborate real estate deals with investors or regular people with money to spend in order to purchase the property and finance the renovation.

I travel regularly to Houston and San Antonio, so feel free to connect if you live in the area.look forward to meeting a lot of people here... let the journey begin!

If you can attract qualified tenants, and there are no health or safety concerns, I really don't see a problem with renting the home with one coat of paint.

Track all off your expenses and incomes you are responsible for in report format and review them regularly with a few people that you trust in and understand your goals in an attempt to reduce expenses and increase your income in a way to increase your profit.  

For a Conventional loan it would include the regular mortgage payment.  

I have a few attorneys that we work with pretty regularly, shoot me a message and I can give you some names/numbers!

You can grant a leasehold estate (ie regular ol' tenancy), but that comes with all relevant responsibilities and will affect both your mortgage and insurance, by the way.

Or hard money lending funds, again double digit returns and regular "cash flow".

@ks with my career path because they just were being mean.I have since realized a W2 has not much to offer other than money, health benefits and a 401K, but you cant really have your kids take over your W2 job.

I do an itemized tax return and have a regular w2 yearly income also....Thanks for any help!