Most business cards do not report to your personal credit (capital one and discover do though).But of course rule number one of investment is don't lose money.

@Ety Benichou you are looking to buy a property to lose a $1000 per month. 

Several traditional banks have turned me down because my tax returns show loses on my other businesses. 

I am not a QI, nor do I claim to be one - but as a general rule you cannot 1031 a flip.Regarding this property, what do you stand to lose by digging deeper into it, vs what you may stand to gain?

If you try to find a "one size fits all" strategy, you will lose out on so many opportunities that it will take you longer to get on that ship around the world. 

A group of A players who are on their way to success in real estate investing.

So with all that information I guide them to the best property to make sure that they buy a property that can earn them money day one and one that doesn't have the potential for them to LOSE money on their first investment.

My personal recommendation for a broker for a new player is Joanne Stevens of Iowas Reality out of Cedar Rapids, IA.

@Mark VesuA couple of things missing1) If you sell the property, you lose about 10% in value right away6% in realtor commissions and 4% in other costs(Title work, stamps, etc)2) Rental income is likely sheltered by depreciation(no taxes) while the dividend income will be taxed.3) You are less likely to cash-flow when the per-property unit cost is above $150,000.In your case, the cost per unit is $275,000($550,000 / 2).4) You may want to consider doing a 1031 exchange and get into better appreciation / better cash-flowing properties.Best of luck

As long as you don't lose any money you're fine, you might even make a little $.....Just move on....plenty of houses out there.