Are there any hidden start up costs to buying your first rental property and getting it ready to rent out?

Examples:
Do I need to hire a lawyer to write a contract for a tenant to sign?

Are there any inspections ...

Hello All:My wife's aunt was over for dinner last night and she (knowing that I'm a real estate broker) asked me if I would be willing to sell her 4-plex that she owns here in Portland, Oregon.  After a short discussi...

Hello BP,My dad has a VA that he has not used. Can this VA be transferred to his children?Thanks for your help,Tasha

I am curious to know if there is private money, or H.M.L's who do, or would do a 3 - 5 year balloon, amortized over 30 years, for owner occupied?Or do you know if a Private money lender, etc., could do a deal where ow...

How do you know if a house is undervalued or is at a good purchase price to use the 203K loan?

Hello,We are under contract for a Fannie property that we plan to use as a rental.  The inspection revealed both intact and particularized asbestos underneath the house and in the closet which houses the old/decommiss...

Hello BiggerPockets!

I’m closing on my first property this week and I need some advice about the basement. It’s a multi family house a block away from a university. Although I will cash flow with renting out each un...

On my residential rentals, I've always expensed small repairs (bad toilet, plumbing, etc) and any real "improvement" like new cabinets, total rehab, etc. depreciated.

Now that I'm looking into mobile home parks and s...

My 1st House Hack , LLC or keep it under my maiden name? 

Already house hacking one room in my house. I have a third bedroom and thinking about doing Airbnb. Had anyone done this around the Clearwater area? I’m going to eventually buy a separate investment property when I ca...