Never make bold design decisions when renting the unit.

We are for sure NOT going to have the tenant pay the previous owners directly, but instead pay us and we will make our decision from there.Thanks!

When my friend started using them they were aggressively looking for rental portfolios in the market so he is sort of grandfathered in with them.Hope this helps with your decision.

Hi Everyone,I’m a newbie investor weighing some key decisions and would like to know how an experienced investor might approach this situation to maximize value and cash flow.

The fact that you’re being cautious and analyzing strategies is actually a good thing—it’s all about making smart, informed decisions.

You can use Quickbooks and have an account for each LLC (best quality/ease of use software, but most expensive) or WaveApps.As for CC it is somewhat personal decision.

here is the situation. i left a really good paying job to take care of my 81 year old parents because my dad is chronically ill and my mom is almost there. i wont go into too much detail, but my sis doesnt help them. ill leave it at that. we have a person who comes twice a week to help with cleaning and other household tasks. i carry the bulk of the weight cooking their meals, running errands, grocery shopping, picking up meds, and taking them to dr appointments. its a full time job. i get a small salary of $1000 a month from a care giver sub contractor for the VA. ive been paying my bills with what savings ive had, but only have a few months of funds left. i own a duplex. i have over 200k in equity. i live in texas and texas has weird laws about refi and heloc/heloans when the property is 4 units or less and owner occupied. i would rather not sell, but if thats my only option i will have to at some point.does anyone have any advice or possibly be able to point me to lenders who might be able to work with my situation?

Cosmetic repairs that don’t pose health or safety concerns are typically optional.Then be very transparent and communicate thoroughly to the tenant, as to provide a professional explanation for your decision forward. 

I have a couple more quotes and will post with my decision for future readers. 

so if you want more volume you need OPM. especially if you're doing a double close. given up some of the profit on one deal too close multiple deals is a better decision for the wholeseller.