Once more, seeking wisdom on BP.I have a potential tenant who has great credit and all looks well, however, he is a smoker.I realize that I can’t control everything, and to each his own, and he didn’t have to be hones...

I recently learned of an investor that was buying rental properties in out of state areas using a turn-key property management company. He never saw the house other then the pictures and the property management compan...

I've heard the horror stories from landlords about how the tenant they were evicting poured cement down the toilet, played hammer darts in every room, ripped out the copper, or left piles of garbage for the landlord t...

I’m wanting to get into the buy and hold strategy, and am looking out of state where it is more affordable. Curious as to whether or not I should consider buying sight unseen, and if so what recommendations do you hav...

Hey guys,
Recently purchased a 3/1 sfh in Warren, MI it appraised great home inspection was good. However, fast forward a few weeks and now I am having sewer issues. I had a plumber do a full hydro jetting clean up a...

IRS-REPS Status - What qualifies as Real Estate Professional?I have reviewed multiple sites blogs posts etc about REPS and found very detailed information, but one area still remains less clear for me. There are 11 ca...

Hello BP!  I've been a pro member for about 6 months now and am proud to announce that I have officially closed on my first deal - a duplex!  The gameplan for this thread is to chronicle my progress through the rehab,...

I recently purchased a property in Wisconsin and when I received all the paperwork I did not receive a damage checklist or condition document from the tenants. Now one of the tenants is leaving and left cigarette burn...

The duplex I bought was a gut rehab with no shelving, so I installed it myself. The upstairs unit has a walk-in closet and I put a long shelf with a hanger bar on the two long sides and short shelves on the third size...

It is with great excitement that I am writing this post. I am going through closing on my first home! It seems like a dream because I have been researching for so long and I never knew when the right property would co...