I've specialized in landlord-tenant law since 2006, and I can tell you, most lease agreements out there (including from notable online sources) are only standard leases and do not have a professional landlord business in mind. 3.

The Plan is to come up with $400k for the down payment and for that I'll need to sell about 3 of my rentals. 2 of them are single family with a ton of upside, so I don't foresee any issues selling them.

You buy the property and you have to live with the existing leases in place.Look at the leases and verify the rents are current.See if you can talk with the tenants to see what problems they have with their unit and what their plans are.

It will be easier, but you will pay 2x-4x more than you would if you were local and on-site watching.What's your plan for watching the rehab? 

Hi Nicholas,When thinking about taxes and deductions for your real estate business, according to the last IRS info I saw, you cannot deduct improvements or upgrades.  

If you're living there and you plan on living there for a little bit but I don't see what the harm is in it especially if you want it. 

My investor plans to rehab and rent out the property initially and develop it later on.

My wife and I are jumping in head first into a new real estate plan and I'd love some advice on how to property structure our endeavor.

I am new to Real Estate and plan to use the BRRRR strategy to purchase my first property.

He does not plan to reinstall it.