Anything can happen: the market can shift, we can go into another extended lockout period, the property can be destroyed by a natural disaster or by vandalism, the list of contingencies is endless.

Make a habit of checking your competitor's listings periodically and when it makes sense for you, make upgrades and listing updates.

Finally, unless it is a duplex, you cannot claim losses from house hacking, period.

Those little rascals can build nest in a very short period of time…  

Some say they have policies that they won't issue title unless a year, two years or even FOUR years have passed after the redemption period has passed. 

If you cannot BRRR the property to get some of your money back, then most of your up front costs will be stuck in the deal for a long period it seems?

Hello everyone, I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers,  but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?

If it’s strictly an investment, you may need to consider conventional loans or other creative financing options.Cash Flow Analysis: Do a thorough analysis to ensure that the rental income will at least cover your mortgage, property taxes, maintenance, and vacancy periods.

In California, if I want to sell my share of an inherited home to a family member through owner financing, is it possible to charge zero interest, say through a ten year pay back period or is there a minimum interest rate requirement? 

You’d still be using your funds, but by delaying ownership transfer, the expense would fall under your ownership period, making you eligible for depreciation.Discuss these options with your tax advisor to ensure everything is structured properly for IRS purposes.