I’m trying to do is “subject to” deal but only for a couple months and then I plan on taking over but only after I do some updating...meanwhile there is a tenant already in place (just a FYI) do I get to write off those fixes etc?

Thanks for pointing this out, I'll be updating my leases to be more strict.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

Purchase price: $210,000 Cash invested: $35,000 Sale price: $250,000 12 unit rehabed and updated What made you interested in investing in this type of deal?

The unoccupied unit has a hole in the bedroom ceiling and needs countertop updates in the kitchen.

In 2020, I want to share my experience with the Bigger Pockets Community of finding, vetting and (hopefully) acquiring 50 units.
The new decade did not start off the way I envisioned it. My team and I had a 25 unit a...

We're buying nice high risk/high yield properties in decent areas, then rehabbing and updating them with a goal of about $50+/mo higher rent than average rent estimate.  

The Realtor I'm working with is great, and on our most recent BRRRR, I feel like I underpaid him for the amount of work he did (particularly for the extra effort and work he did after the acquisition - communication with the contractor, photos, status/progress updates, market analysis). 

I am creating an updated F.I.R.E. board game that is going to incorporate all of the modern strategies to reaching F.I. that we know and love like: real estate investing (BRRRR, Wholesale, Flips, etc...), Index fund investing (think the 4% rule) and the wonderful "financial runway" strategy coined by Scott Trench.

I’ve updated the post.