At the time it wasn't easy to find banks looking for young investors with little track record.

Keep all expense records and consider it a rental for profit, claim rental income and use expenses as tax deductions or use any money he gives me to pay down the mortgage.

I have a hard time with organizing and records so that was the first thing on my to do list.

Dear BP,      I think it was BP Podcast #352 where Brandon mentioned he recorded his screen and send it to a VR to produce a 100+ page operation procedure.

We have built a very strong track record with our bank and we have a great relationship with them so they financed the purchase and the rehab costs as a construction loan.

I'm under contract on a property where the county records report one less bedroom and one less bathroom than the property actually has.

A title company would be best bet to go through or you can call the country to find liens.the county does have a few sites that are useful in researching properties. country recorder (you can search for liens here, but if they are very recent they may not show)http://www.lcrecorder.com/reco...you can also call or email the recorder, contact info is here:https://www.lakecountyin.org/p...there is also the assessor site:http://counties.xsoftin.com/la...

Closing means everything is signed but it doesn't mean that it is funded and recorded.

I’m treading lightly, because I don’t want to insert myself in delicate family/sibling matters; but I just want her to have all the information for her and her sister to make an educated decision.I think I’ve figured out most of the costs associated with a cosmetic rehab and commissions and such.

@Michael Spindler I have an open house class we did and I recorded it.