Is that a mistake?

There's NO way this was an innocent mistake, especially if he knew the other guy quoted $9,000, and you didn’t go for it.

Demo is easy, and sheet rock dust is the worst!

If the deal still looks decent in a worst case scenario you can feel more confident in going forward because many things things don't go as planned.

Mostly worried that even if I find a place and the money, that I'll be making a big financial mistake and have little left to cover unexpected costs.

ALL mine are 2, 3 %ish rule, all in 75k, rent will be 1700, All in 90K, rent will be 1800- 2k, all in MH 95k, rent will be 1700ish, 1% is VERY easy.BTW NEVER buy the prop just because its the 1% rule, MASSIVE mistake.

It's not always completely accurate, but in the worst case, you get the previous owner who won't hesitate to tell you all about the property and who they sold to.

I've learned the hard waySmart men learn from their mistakesWise men learn from others mistakes 

The key to understand about STRs in CO is the regulatory environment - it is simultaneously the best part of investing here, and the worst.

Hi all, I want to start the conversation about common mistakes when doing a BRRRR.