Once you create it then you should have separate bank accounts and do.

The subletted tenants weren’t aware of the unapproved sublet.

Not in a accusatory manner, but I'll ask some prodding questions re: if there are any potential leaks or the like in the home that they are aware of.

I knew it would be a simple answer, but one that I was simply not aware of.

Once the owner had to still pay a portion of their mortgage because the payment was too high to create cash-flow, and in the others I paid everything.

thanks

That needed to be corrected and we were aware of it beginning in about 2015, but I get the sense this guy is giving us the run around.

Some areas will have real estate prices creating mortgage payments much higher than rents, that is normal.

My thinking is twofold: first, that the ARV would considerably exceed the current appraisal, so equity would be abundant (BRRRR scenario), and second, that this helps me fulfill two dreams at once (mine, entering the investment realm, and my wife's, opening a business.)I am well aware, however, of the fact that this is a long term project, although I don't know exactly how long.

[By the way, because you're new to BP, you're probably not aware of how important for your investing life finding value-for-money is, every time you buy a property.