i like to base my net income as what I will be putting in my pocket after all expenses and debt services. 38k after expenses and 18k after mortgage is what I was referring to.

Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t checked it out already, the Bigger Pockets blog features links to their awesome podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

Their service has not been endorsed or approved by government agency.

Thanks for sharing your story, and for your service. 

Just be upfront about your service to the landlord/seller or tenant.

Adding additional ducts for HVAC, or electrical to service the room can change that of course.As far as resale valuation, to ensure true designation of the 3rd bdrm., be sure to add a functional closet.If you're going to add to the footprint, cost can depend on the type of foundation, height of addition, and total roof area to be added.Good luck!

Your IRA can not invest in a business you own 50% or more of, your IRA is for "future you"- meaning that you can not gain any current benefit from the IRA, and vice versa, you can not give your IRA any benefit - meaning you are not able to preform any free service or labor to a real estate project.

@Sam Shueh its 720 sqft 2/1 the interior just nees TLC, needs new cabinets, and tile in the kitchen and carpet, paint, the whole interior,couple lighting fixtures, It has a finsihed basment which could bump this property to a 3bed if they buyer wants the house was built in 1952 exterior looks really nice, the owner pays a fee to have everything serviced the roof will probably need to be changed in about 2 or 3 years, foundation is solid, garage is solid no cracks or signs of leaking.

I’ve done some surface level research and know that you can pay third-party services, but wondering if I can outright cancel due to medical reasons for my dad (cancer) who is too weak to travel.

They will look out for you and you will do the same for them.Your first purchase is going to be special both emotionally and financially and you will learn a lot from it.Good Luck and Thank you for your service (hope I got that right)