I’ve always stressed that a thorough knowledge of real estate principles, real estate law, and real estate finance is imperative for a sustainable profitable career as an ACTIVE real estate investor.  

Hey Andrew, welcome to BP and yeah, $3,500 for a basic 1-bed turnover plus another $400 for cleaning definitely feels on the higher end unless there was major damage or a full repaint/flooring replacement involved.

Yeah I basically need someone several times a year to just make sure pipes dont freeze.

So I basically got these 14 properties for free with zero out of pocket money to buy them.

Hey Jerell, yes, people do this all the time, and it can work really well as long as the numbers are tight.A balloon note or hard-money loan is basically just a temporary bridge.

You basically kept your checkbook on a computer and then used classes to track income and expenses by property which is what you need for your Schedule E.4.

I'm glad it helped even outside the DFW market.A lot of these principles apply nationally, especially for beginners looking to scale with predictable numbersPHX has its own quirks though... tighter spreads, faster DOM in certain pockets, and a bit more volatility depending on build year.

TLDR - The regulatory entity for Florida is basically holding back a report that showed insurance carriers inflated costs and transferred money out of state to artificially inflate costs and the state is doing nothing about it.https://www.newsweek.com/florida-insurance-scandal-huge-impa...

It's nothing fancy just calculated all the basic categories.

PS I did well over 150 foreclosure lease back give owner right to buy it back exactly 2 did that in the 12 years I was active doing these before they basically became illegal on the West coast