There maybe a little room to raise rent, but it is unlikely to cover all of it (and that is not accounting for any future expenses, such as capex or maintenance).

Yes this is the cost of doing business, and you should factor your business such that your taking these additional costs into account.

Originally posted by @Jacob Rhein:Thanks to @Michael Plaks, Account Closed for your feedback.

Originally posted by Account Closed:@Adam Adams3 appartment buildings and 6 houses with 40k in hand121k gross income at say 10% annual that's 1,2m worth of real estate That's a 30:1 leverage...or 97% LTVI want the name of your lenderHonestly after the subprime crisis mess, i thought they would ban that kind of excessive leverage but it seems it is back to business as usual My average LTV is closer around 55% *NOT 97% The part you missed is: I'm not paying market value: To be clear, my lenders are private lenders.For example:Step One: 40k in the bankStep Two: Purchase 100k worth of property which grosses 18k/yr.

Make sure you account for the deposit within the timeline set forth in Texas which is within 30 days of move out and receiving a forwarding address 

Account Closed all pretty good questions. 

Will still be cheaper than hiring contractors to do it all.I know I should probably start working with an accountant but I just want to make sure I'm not shooting myself in the foot tax-wise with anything I do in the next month.

I don't wholesale much because I like to keep and own assets that pay me over and over, but you have the right idea Account Closed.  

While I do think that Austin will continue to grow rapidly for the next few decades I think there are just too many unknowns to account for.

He is allowed to pay you up to $600 dollars for your labor without sending you a 1099.Did I mention I'm not an accountant?