Hopefully(for your sake) they just spent 1st, last, and a deposit.

.- Just check with a knowledgeable & trustworthy agent about what improvements will actually lead to an increase in value that exceeds the funds spent.2) House hack and rent out every other bedroom to generate cash to save up for next purchase!

If these gurus took a truth serum, I would wager that less than 2% of the people who pay for these programs recover the costs they spent on these programs.

The 30% of information that you found useful that you spent an entire weekend to learn and $350 could have been spent researching online and asking questions on here and facebook groups in less time for free. 

Generally, time spent at the property before it’s listed for rent can count as personal use, especially if you're furnishing, decorating, or getting it “guest-ready.”

The first deal is really not about getting a home run, but taking action.Learn how to run numbers and once something pops up that fits your buy box, execute on it. 

His helper did not show up so I (home owner) offered to help with the tear off and spent about 17 hours working. 

Important to know this ahead of time as you may find youself having to associate with a builder that checks that box as well.

I specialize in small multifamily properties and house hacking working alongside BiggerPockets podcast guest Andrew Freed to help investors find high-performing deals in Central MA.My Background:  - Started in late 2019 I utilized an FHA loan to get my first 3 family property in Fitchburg, spent about a year fixing it up and soon after I refinanced. 

I just used my attorney as our registered agent, PO Box as our business address, and a separate LLC as the holding company. $50/ LLC and it literally takes less than 20 minutes for each LLC and costs less than $20/ yr. to renew each LLC.