I am purchasing and renovating a house 1 mile from a Mayo Clinic with the intention of making it a STR/MTR.  I know a lot of people target the travel nurse demographic, but there are also a lot of patients that come f...

I have just flipped the property I lived in for 14 months also my first property as a home buyer. I would like to continue this business as this flip has been very favorable to my income. This house is currently on th...

Hello BP,I am looking for some opinions on whether I should lease to an applicant or not. Here is the scenario:The unit is a 3/2 duplex unit for $1550 per month with a $3100 Refundable Deposit.  The unit has brand new...

Hello BP,I've never dealt with a situation like this before, so I could really use the expertise of the BP community.  This is a lot of information and questions for one thread, so I'll try to break it up using bullet...

Looking at a house that has been owned by very heavy smokers. Overall the house is in poor condition and is a short sale. Nothing that scares me, except the fact that the walls, ceilings, heating ducts, windows, EVE...

There was no reason, but the day I hit 30, I realized it was “ME”.
Everyone around my family was doing fine, work was great, it was a
nice day. Just for some reason, I realized I was the person in
charge of my li...

Hey I had a few quick question about how you get taxed when flipping a house: At what point do you pay property tax and how does it get split between the buyer and seller? Do you have to have to pay capital gains tax ...

I'm a newbie when it come to income property so I have a question about how the taxes work and what I should do to prepare for tax season.  I want to ensure I do this the correct way.I've been in my house since Dec 20...

If a partnership does a 1031 exchange into 2 rental homes and then decides to distribute them to the partners can the partners qualify for a 121 each?  This is assuming each partner lives in a house for 2 of the 5 yea...

Long story short I just evicted a tenant that left a dog behind. The house is infested and the dog is gone. Pest control has been out 4 times so far in the past 4-5 weeks to spray. Fleas remain. We have vacuumed an...