Hey guys I am investing in Dallas Forth-Worth & Tampa area Long term rentals and I’m doing section 8 also , I am getting property with hard money loan , remodel them, and  then re fi them for 30 years , I put around 45-65K for each property I have 4 properties that cash flowing $300, $500, $1000, $250 per month I wanted to get into Multi Family - 4 plex, 6 plex and up even 8-12 units as first deal.  

Would have bought a  400 K SFH house  which can do STR and if not would be good to do MTR or LTR if the STR approach failsThis would have made my feet wet, got me money and I would have learnt the following1.How to get lenders for loans3.How to create LLC and use umbrella policy4.Build a  network of lenders, PM, contractors and cleaners5.Learn how to transition to MTR or LTR if neededThat would have been my approach to get a  quick start else I would have wasted months  on figuring out what to do:)

Hello,Can I include rental loss in my tax filing for last 3 months of 2023?

It really comes down to what specific documents you need from the tenant that you'll feel secured and comfortable of renting it to him/her.The typical criteria would be credit, background check, renters insurance, first + last month of rent + security deposit.

With 150 people I received a $3K/month passive income.

You are probably looking at a 2 - 4 month process as the courts will force you to go to mediation first.

I was looking at doing a garage conversion and found the estimated cost of about $100,000 would be only returning a rental rate of $900/month.

My property would rent out for a standard long term rate of $2300-2500 a month.

Within the same month, my partner hurt his back at work.

The unit must be monitored for the next 12 months to check for reinfestation.In buildings with four or more units, the pest control professional must also investigate whether there are bed bugs in the units above, below, and next door.I use docusign to sign all documents and to send all brochures.