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?

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.

I am now able to give back to that community and hope one day to be able to do the same here.I look forward to meeting some folks in the Orange County area.

Hi folks,New guy to real estate investing here.

Hi folks - now that I've defined some fundamental goals for my first RE investment, I'm on to looking at financing for my first buy.

Eventually the goal is to move to New York City, where I'm hoping to buy a 3-4 unit multiplex or multifamily home, keep one unit for myself, renovate the whole thing, and use the rental income to pay the mortgage, and maybe a little bit extra.

Be it single or multi-family.I'd also like to hear actual experiences of folks who bought multi's using conventional then moved it to an LLC after close.

(non working outlets, automatic garage door openers, toilets that take an extra flush, closet doors that come off the track ect, fireplace not working...)