Quote from @Shameka Henson: Hey Ya'll, thank you to everyone for so many informative responses and actually reaching out in text or callsSo I'm getting my first BRRRR ready for the appraisal process and need some tips and tricks.Some tips I've heard - 1. do Not put keyed locks on rooms if you plan to rent by the rooms (put them on afterwards)2.

Also important to clarify, if borrower fails to make payments creditors can still report to credit reporting agencies.

As a landlord or property manager, it’s essential to understand your responsibilities under the Fair Housing Act (FHA) when it comes to tenants with disabilities.

Investors should fully understand that Section 8 is not a cure-all for Class C & D tenant challenges, it's just trading one set of problems for another.We see too many investors not doing enough research to fully understand all this and making naïve investing decisions.Once you understand the above, you still need to find a property.

@Kyle Mccaw, would you recommend verifast or plaid to someone that is managing 1 - 2 properties or does this expense only become worthwhile with a larger property count.

Be sure to keep detailed records for the following:🏠 Mortgage Interest – One of the largest deductions available.🧾 Property Taxes – Deduct annual real estate taxes paid.🔧 Repairs & Maintenance – Expenses to keep the property in good condition (e.g., plumbing, painting, appliance replacement).🪜 Depreciation – A major benefit allowing you to deduct the property’s wear and tear over time.💡 Utilities – If you pay for water, gas, or electricity, those are deductible.🧹 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.

Totally understandable!

You also want to consider DSCR as they can be closed in an LLC and with the right Bank/Lender it will not report to credit.

Any member can go in on that month's investment with $5K or more. 

I would have to have a loan from a bank with 20% down or about $45,000 to qualify.OPTION: 2 Selling it to a Tenant Buyer requires no rehabbing on my part.