Hot tub in Joshua Tree??

Ex (random numbers pulled out of thin air)$100k purchase $160k ARV$30k reno but $20k at cost$15k holding costsTotal Cost:$145k cost or $135k with contractorWith the contractor at cost, I have an extra $10k of margin where I don't lose money, but obviously not ideal for the contractor since they would make less.I think a good way to price it would be the equity would equal your profit if you did a fee construction at slightly below the projected ARV, and slightly below the projected hold time.

Metro expansion definitely seems to be a hot topic with the Purple Line coming soon in Maryland and the recent expansion of the Silver Line, I wouldn't be surprised if expanding out the Blue Line is coming down the pipeline soon especially once the commercial development gets closer to completion.

Relax in the air conditioning after a day at the beach.

I am originally from Huntsville, and it’s definitely becoming a hot market to invest in.If you ever are in need of an investor friendly agent, @Steve Stinson is wonderful.

Bring an air compressor with fittings, hook it up, go around listening for air leaks.

:PJoel: NOT trying to start a fight (though I don't mind) or an argument here, but I AM one that will call out a person when they over-reach or blow hot air for all to see. 

To the best of my knowledge, one of the tenants (married) are employed in the accounting field at a local air force base, which was the only reason I was considering it.

However, I had to pay a premium for the exchange property because the market was so hot at the time.

I dont think I will get into the short term rentals or air bnb.