it was ready to go when we moved in.

Like @Tim Herman pointed out, you better be ready with cash reserves if something goes wrong! 

That's interesting I will run that by my CPA  .. loaning money is ordinary income the tax deferment at least what I read is for dividends and cap gains.. did not see anything about getting out of ordinary income or self employement tax.. 

I’ve been searching the web and RE sites, and have found a few places out of state where the numbers look really good for cash flow and CoC return, and I’m ready to start viewing the properties and making the next steps.My question to the community is this; is it better to have my own realtor with me to go through discussions and negotiations, or would it be okay to use the sellers realtor (assuming that is who is listed as the realtor on each site)?

We need to make a few repairs then it should be ready to rent out.

We have built two homes (we did put a lot of sweat equity into the homes) and sold one (obviously we did sell every two years) and we are getting ready to sell the next one.

I will be BRRRRing this deal and am looking for a bridge loan with a maximum term of 36 months.I have a Private Money Lender ready and willing to front the 25% DP ($80k).

So have the documents ready when reaching out to people.Best of luck! 

I’m getting myself ready to embark on a journey in real estate, and currently I am gathering as much information as I can (before I can even get to the “analysis paralysis” stage).

I’m just about ready to make the jump but I’m wondering what you guys/girls have done to prepare before you bought your first rental?