Hey Glenn, To keep it simple (and in general terms), bigger banks usually do not fund distressed properties that need rehab.

However, he starts to talk about how you may sometimes overpay for a property because you are not necessarily worried about what the property is worth today but about the “long-term play.”

There is no trick, think of it this way: you have a principal to pay off ($175k, so you could do 175 months x $1,000) and as long as you do the outstanding balance generates interest.Your mortgage payment is PITI, you always have TI, principal you pay in your own pocket and interest is a tax write-off.But from a cash flow point of view paying one off first is better, because you save both the principal and interest portion, which comes out to about $1050.

Of course, we do our best to be empathetic and understanding with, "life happens issues", but we do NOT let tenants make their problems our problems - as many of them try to do.OPINION: this lease doesn't look good for the long-term.

As long as the military doesn't have any prohibition on you having a house/apartment as your "residence", then I don't see any reason you couldn't.

Why do you think purchase contracts are so long and have such small print?

. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!

I am a beginner investor, I started off house hacking but due to my occupation I had to move and now that is being used as a long term rental.

Now both sides are long term rentals for me.

If it's been a long-term tenant, we plan to have them repaint.