Sealing the basement floor might help   (something that soaks into concrete then hardens,   as oppposed to a paint which sits on surface and flakes off)  then clean the carpets,  there may have been dirty spots providing nutrients to the mold.Add a basement ventilation fan that runs on a timer or continously to keep humidity down.   

While you hunt, tour 2–4 unit deals to sharpen reps, line up a local attorney, inspector, and PM, and be ready to move when a clean T12 and inspection match your numbers.

Hey everyone — I’d love to get your creative ideas. We have a large, mostly open basement for our short‑term rental, and it includes a laundry area. I want to divide the space and make it look nice, functional, and co...

Right now I’m growing my investment portfolio and preparing to launch service-based businesses (like cleaning and moving) as a stepping stone into real estate.My long-term vision is to scale into rental properties and eventually farmland, creating multiple streams of cashflow and a lasting legacy.

We have ran across some pretty fascinating "engineering" that we have cleaned up after 🤣 Don't get me started on what these squatters come up with too.

When you sell it on terms, each payment you collect typically gets split between principal (which just lowers your note balance) and interest (which is the taxable part).I’m not an expert on the accounting side, but I do try to stay open to learning more about these things as they come up, especially as I dig deeper into different parts of the land business.One tool that helps is a simple amortization calculator like Bankrate, it shows how much of each payment is interest vs principal.Also, IRS Publication 537 is a solid starting point for understanding how installment sales get reported.If nothing else, keeping clean notes and setting up a system early makes tax season way less painful and eventually bringing in a CPA who “gets” land notes is well worth it.Here's various resources that could be useful to you...Books (For Foundational Knowledge) 1.

Verify demand with travel‑nurse portals and corporate housing comps, then price all‑in with furnishings, utilities, cleaning, and PM.

Mortgage, taxes, insurance, utilities, lawn, snow, and turn costs all land squarely on you—with zero rent coming in.Let’s look at the math:If your SFH rents for $2,000/month and sits vacant for just one month, you’re out $2,000 in lost rent plus another $500–$700 in utilities, cleaning, and turnover expenses.

.🧹 Cleaning & Landscaping Services – Routine upkeep expenses.💼 Professional Fees – Legal, accounting, or property management services.🧑‍🔧 Contractor Labor & Supplies – Any materials or hired help for property improvements.🚗 Mileage/Travel – When traveling to inspect or manage rental properties (keep mileage logs).💻 Office Supplies & Software – Including bookkeeping tools, printers, and even part of your home office.Creative Ways to Give Back — and Still SaveGiving back can also be tax-deductible when done thoughtfully:🎁 Tenant Appreciation Gifts: Small gifts such as gift cards, snacks, or holiday baskets (under $25 per tenant per IRS rules) can be deductible as a business expense.🏘️ Community Donations: Contributing to local charities, shelters, or community events near your property may be tax-deductible if donated to a registered nonprofit (501(c)(3)).🧤 Property Improvement Drives: Donating old appliances, furniture, or materials from renovations to nonprofit organizations like Habitat for Humanity can qualify as a charitable deduction.Pro Tip:Before December 31st, review your receipts, invoices, and bank statements.

Quote from @Elealeh Fulmaran: Given your skills and equity, I’d suggest keeping it simple and profitable:BRRRR-lite on SFRs/duplexes — focus on quick, clean rehabs, stabilize, DSCR refi, and repeat.If you prefer fewer tenants — consider small neighborhood retail or industrial with sticky local businesses.Next step: pick one lane, define a clear buy box, and line up financing (HELOC for speed, DSCR for takeout).