We've recently come across what seems like a great investment property:- Tenant Occupied, paying FMR- Slab home that we will eventually remodel ourselves after the current tenants leave. - Only 4 houses down from my current home in metro Detroit, MI.We toured the property and it was a hot mess, easily a complete remodel because of cigarette smoke damage that seems to have reached every corner, but the prospect of redoing it really excites us.

With interest rates on the rise, how have you adjusted your funding strategies?

The tenants began bouncing checks, payed rent late sometimes up to 20 days late.

Most of the hold up was due to the power company.

I have a rental house that I've owned for just over a year.

However, if the home is inherited, the beneficiaries typically receive a step-up in basis, which can minimize capital gains tax when the property is eventually sold.

Looking to get my foot in the door investing in real estate through multiple channels.

I am new to the real estate investing arena. 

I was wondering if there are any limitations to getting a 2nd FHA loan as far as what value the 2nd house is compared to the first one.

@Michelle Lutz Looking forward to catching up and the meetup!