Debt is not taxable income, so there should be no taxes due.I'm no lender, but you will need an asset-based loan like DSCR (debt service coverage ratio). 

Use the one that has the better rates, terms, service for your particular deal. 

They CAN foreclose if you stop making payments, It Costs a little more ($1500) to do a Wrap because a mortgage has to be created You become the owner in either situation In a Subject To you send the payment to the lender (servicer) In a Wrap, you send the payment to the lender (servicer) AND you send a payment to the seller.

We are talking about a graduation class of 400-600 service members every week needing STR's close to the area. 

Following and reading through this thread as I am in a similar position to the original poster.I have evaluated some of the programs out there such as Brad Sumrock, Gino, Rod K, and others ..For me, the value has to come from the ability to have access to people who can help provide deal flow and others who are in a similar position as I am that would be willing to partner with complimentary skillsets. 

Given the current statement of market, interest rate, good turnkey providers , house prices etc…, would you choose memphis or alabama market to invest in real estate.

Once you close on your property:- You need to get a Phila tax IDhttps://www.phila.gov/services/payments-assistance-taxes/tax...- Then you need to register for a commercial activity licensehttps://www.phila.gov/services/permits-violations-licenses/g...- Once you have a commerical activity license you can finally get your rental licensehttps://www.phila.gov/services/permits-violations-licenses/g...All of the above will be done using the eClipse online portal systemIf your property is built before 1978:The system will kick back your application and you will not be able to get a rental license until you get a Lead Safe test.This is when you will hire a licensed 3rd party to come out and doing a lead test for you.

 I’m starting out and I’d like to know how would you go about doing an inspection on a potential deal to calculate rehab costs if the property doesn’t have any services turned on?

I found the law firm handing the bankruptcy, but they will not provide any information.

I believe that this strategy not only offers lucrative short-term gains but also provides valuable experience in the real estate market.Additionally, I am enthusiastic about acquiring rental properties as part of a portfolio.