There are many types of real estate deals you can do with minimal money.I became interested in REI when I was around 18.  

In his words "you want to do as few transactions with me as possible", saying that refinancing the current rental into an investment loan, probably paying points in order to get a similar interest rate (currently 4.125%), and paying closing costs only to do the same again for the new loan would be wasting too much of my equity on the deal.

But it’s good to know all your options if you are looking to minimize your negative numbers.

There will be minimal vacancy and are usually in safer neighborhoods. 

How to rehab, what not to waste money on, what looks nice, landscaping matters!!

How to rehab, what not to waste money on, what looks nice, landscaping matters!!

Full time educator that runs her other real estate school- Brokerage has own app where we store training videos and guest speakers from our events- Mentoring program for new agents to shadow experienced agent- Brokerage creates template personal site for me- 2 education classes/month via Zoom- 1 Sales meeting/month for education & motivation- 1 meeting/month on technology use, a staff member that deals with IT needs- 70/30 Split- $355 Annual Office desk due- 2% Transaction fee- No lead production, produce own leads, repeat & referral- 223 current & pending listings- Have had new agents close 20 homes in first year and other only 6 homes; variesBrokerage C:- This is Keller Williams, so probably pretty standard and y'all are familiar with them, I'm sure- Within my region: Own 12% of all inventory; 600 to 900 active listings and closed just under 3,500 homes last yearBrokerage D:- 21 agents in local office- Momentum Program for training- 95% commission paid on a transaction, fees included but you choose how much you want to spend (private office/shared office/WFH office,- Brokerage does not provide leads but can obtain leads from sister brokerage, no cost- Currently 82 listings, 50 active, states it is currently a seller's market- Goal is to sell at least $2,000,000 per year- Average sale price for last 90 days (8 properties) is $260,400Brokerage E:- Training videos available- Weekly sales meetings- Ninja sales training 2-3/month with Q/A's- Offer a one-on-one mentorship program for new agents- Mentor and I would split commission 50/50 first couple of transactions or when I'm ready to go solo- Lesser degree mentorship for 75/25 commission- $46.50/month Brokerage fees Plus $25/month on E's&O's- Own website on brokerage webpage for $10/month- 70/30 Commission split; 95/5 for sale milestones- Once you pass $5M in sales, you're still on 70/30 split until you pay out brokerage $20,000, which in turn split becomes 95/5- 3% broker fee each transaction with $3,000 cap- Can provide leads by signing and paying up for different things (ICC/OPCity/Buyside)- 255 active listingsBrokerage F:- Extensive 6 week onboarding process for training- No monthly fees; biz cards/signs/lockboxes/marketing all paid for- Provides leads- 2 CRMs that hold database of your clients- Usually 100 listings at any given time, lower now because of Covid- Minimal standard to remain with company is 24/year.

You get the benefits and someone else handles the pesky details that waste your time and don't make you any money.

Why would I waste my time and yours putting in a bad resident?

There is also an addition in the back of the house which doesn't have terrazzo flooring.I believe I have four options:1: Remove old tile and refinish the terrazzo floors and throw laminate flooring for the addition2: Remove old tile floor and throw laminate flooring so that all flooring is the same throughout the house3: Throw laminate on top of the existing tile4: Remove old tile and refinish the existing terrazzo and new terrazzo flooring for the addition to match the rest of the property.I will be using this as a rental, I want to be budget friendly but I dont want to waste money in the long run.