For some buys it may not make a difference but if you are on a strict budget it could be the difference in turning a profit or coming across a big issue and breaking even/losing money.Good luck!

Their profits are all dependent upon getting people to pay more for stainless steel appliances and granite counters.

I'm sure we would make a big profit off it.  

His only concern is that the turnover is a little bit higher, but that may just be the area and not the type of property.His deal is still profitable because he's doing a lot of the fixes himself and the units are pretty nice.  

Unbelievable you found a  MHIC licensed contractor to work for 10% profit margins, after expenses he made a 7.5 percent profit margin?

If you were to sell your primary you might be able to get the profit tax free. 

I’m afraid I’ll end up stressing about saving a few bucks only to end up with delays that will slow the process of getting my units finished, rented and profitable.

They'll also verify all current year income and ask for a YTD profit and loss statement from a CPA.

I would like to do this until I have financial freedom and a few thousand dollars a month in net profit from the rentals.

That first property has generated a pretty decent cash flow, and we just closed on our second single family rental in March 2018, located in Wake Forest, NC.