Good Evening BP Members, I am trying to help out a home owner in a stressful situation and was wondering if there was any advice/thoughts on a buy and hold investor in the Houston area for this situation: Owner has a squatter in the home who refuses to leave.

I thought about structuring it this way.

It need's lots of improvement more than I thought when first purchased .

Thoughts?

I'm prepared to invest $50-75k cash to get started, but would be looking to utilize hard money to finance the balance of the deals.  

Auction.com does not set the reserve, and what you thought was overpriced was just a really bad reserve set by a bank trying a better return. 

I'm an 18 year old beginner day trader, thought I'd give real estate a try as well on my journey to financial independence.

This may not be feasible without more specifics on my taxes but perhaps a rough formula on how I could figure it out.My basic thought process with the math would be the following:For every extra $1.50 I make above $100k (but below $150k); I lose $0.75 I can write off.So here is where my knowledge really breaks down (if it hasn't already unbeknownst to me).So for every $0.75 I lose the ability to write off as a passive loss; will this cost me $0.75 or will it cost me $0.75 times my marginal tax bracket of 28%, which would be $0.75 x 0.28 = $0.21And if it cost me $0.21 per $0.75 and therefore $0.41 per $1.5, that would basically bring my OT down from 1.5x base pay to roughly 1.1x base pay?

Unless the space has already been setup for each unit in the rooms, I would just build a laundry room coin operation somewhere in the building.Your business will be built on the college season, if you don't book all the rooms while students are preparing to attend college that season, you wont book it till the following season.

Have you thought about doing all your own repair cost estimates.