There is nothing that can replace time and experience as it relates to properly evaluating the repair costs and I know many like Charles Perkins and Don Hines commented that doing things your self or 'getting your knuckles bloody" and I can only say they are 100% correct.

., have employees and/or contractors), but I've found that finding an analyzing deals isn't something that I want to entrust to someone else, at least not at this point in the business.

If not and you're buying a rental property and need 25K that you don't think you'll be able to pay back in 5-10 years, then perhaps you need to re-evaluate the property you're looking to purchase or your reasons for purchasing it.I would not invest in any property that I did not expect to recoup my initial investment within 5 years.

For example, if you get an applicant who holds any professional license, insurance agent, credit counselor, private investigator, bail bondsman, paralegal, registered gun dealer, or such others....or, who have certain jobs, armored car driver, bank employee, pharmacy worker at a hospital, nurse or many government employees, you already know these folks had to pass a criminal background check.

I remember spending over 5 months with funding and evaluating deal after deal and getting outbid before some friends and I finally landed our first house.  

As the argument goes, the S corporation can establish a salary or bonus for its stockholder-employees, and pay social security and medicare taxes only on the salary or bonus.Issue #3: Exceptions to Passive Loss Rules, We are the high earner couple over $150K AGI so we are getting ZERO tax deductions for rental losses.

Never assume servicing will remain the same over the term of a note.You need to have your attorney apply servicing provisions throughout the note terms where fees and additional fees may be applicable.The servicing fee assessed to a borrower must be included in the ability to pay evaluation as well.But, then again, the simplest way is to make a note and you pay the servicing expenses.

I applied for a Heloc once got approved but last minute declined to sign they will only give my about $45k my home was under evaluated and the %85 the banks do didn't make sense and variable rate and as high as 7.5% with monthly payments...shoot at that time applied I had a fixed credit card and still do 6% fixed for 25k why would I let someone put a Lean on my home for that amount.What I am trying to do is get some money to build a second home on my over 1 Acre Land so I can rent it out to pay for my low Mortgage as I am up there in age now 58yrs old.So found this investor company that will give you 100% of what you owe on your Home vs what the Current Value is with NO MONTHLY PAYMENTS. 

Here’s How to Tell"* "8 Quick & Dirty Hacks to Evaluate Any Real Estate Market"* "How to Analyze a Potential Real Estate Market for Crime & Safety"

When I do travel contracts, I am considered a w2 employee of the travel agency, not a 1099, so she might be as well.