As a part time investor who works 9 to 5+, I actually appreciate the extra time to mosey out to take a look.

First get qualified for financing, then shop for deals ;-)If you do FHA you may be able to find one eligible for 203k program giving extra cash in the loan for rehab.

Lower expenses, work extra hours, sell stuff, pay down debt, etc.

In the third year, nobody really seemed to care anymore, unless they needed flood insurance, in which case they only cared about the extra money they had to spend.If you want to see some rehab numbers on the two flood houses I've done, check out Houses #19 and 35.

The reason is there will be rehab and extra time and energy for the return spent and also no income coming in.Even if you go 60% costs the numbers still work at the purchase price.

Has anyone on here ever added extra income or not deducted all eligible expenses in order to show more income on your schedule E?

This will prepare you for seeing if you can afford to have the unit vacant for a month or 2 and whether you still earn any profit year to year....

The other thing you can ask for is a cosigner from someone with better credit.Usually they move on to another landlord with lower standards but I have people jump through my hoops and with the extra "skin in the game" they have been better than average tenants.

You’ll hear the term “CAP Rate” which is simply the amount you are earning on your cost of the property.

My early days in real estate where characterized by earning cash doing management jobs to save for down pmts on my own rentals.