I already spent $1200 on the appraisal.

This means the total time both spouses spend on managing, maintaining, or working on the property can be added together to meet the 500-hour requirement.- Real Estate Professional Status (REPS): For REPS, only one spouse's time counts toward the 750-hour requirement.

Another thing is getting multiple bids on the work. 145K and 200K is a big difference.

Good luck on your journey and feel free to reach out if you ever need any guidance or advice.

I was looking to add a new section on current owners management agreements and new agreements regarding an additional charge.

Bottom line, if you're operating as a business you should be keeping business and personal completely separate.

What your current take on RE investing across the markets?

Missed out on the great COVID rates, had to take out a mixture of Fannie and DSCR loans to close, with sub-optimal interest rates, maybe in the 7s to 9s.

Seller financing, rent-to-own, or DSCR loans based on rental income?

My father even brought me along to ask for private money lending at peoples homes. 005 bought my first home in Louisiana, turned into a rental and moved to Fort Worth Texas and bought my first brand new duplex in 2008.Educated myself and bought real estate investment courses and settled on Armando Montelongo‘s flip this house completed that course and bought my first 2 fix and flip in 2009 sold one in 2009I did not farewell during the housing market crash, simultaneously lost my job due to the Event Horizon oilfield disaster.My lovely wife and I now purchase real estate in San Jose Del Cabo Mexico with our cash and build with our money as well.