We’ve owned the house for 20+ years and have great equity in the house, which was built in 1997.

Use varies throughout the year.

Remember though, they may take a few years to be ready and will appreciate the education you can provide, which is why you stay in touch until they are ready and able.  

My name is Hogan Chouinard and I am new to real estate investing, I have been wanting to get involved with real estate for a while because I want to give myself financial freedom in the future by putting in the extra work right now, I want to start a real estate portfolio that I can continue to build on over time for years to come, and I am hoping that I can meet some people on bigger pockets that can help me along the way!

Your intention is that you will occupy the property at some point during that first years. 

They are one of the higher maintenance items and seem to only last a few years before being loud, wobbly or needing replacement. 

Hi Carlo, I have been originating private money and commercial notes for close to 10 years. 

yearly inspections?

I don’t have months and months of rental income but I’m now forecasted to make I believe part of the requirement for the loan was that you occupy the property for the first year.

For example, I know many people who have bought a house in Ewing for $200k and it's renting for $4000+ a month and this person has put maybe $50k into it over a couple years including a new roof, updated cosmetics, and was able to BRRR out all the money.