Short term rents are typically higher than long term and could push you over the edge to break even or possibly cashflow.

That would leave you with $230k to do the renovation, and cut down your negative carry by 2/3. 

since my goal is to be able to cut down my hours for quality of life purposes.

Here is a quick update on the market for you:Fed's almost certainly going to cut rates this month—traders are split on how big it'll be though.Odds are at 75% for a 25-basis point cut and 25% for a 50-basis point cut.

In November 2023, Fannie Mae introduced a new policy allowing owner-occupant loans on 2-4 family homes with just 5% down, a significant change from the previous requirement of a minimum 15% down payment. One might thi...

This is California for you, cut throat.Lastly, we have no copy of the loan contract and all we have is the paperwork from the Elite Home Energy ( work order and notice of cancellation).

This is a very common mistake that investors make and it will cut into your rent and days on market by a lot.

I have seen too many people not only getting in trouble with the IRS, but losing their investments to sketchy but appetizing "opportunities" to cut taxes.

This deal was financed through a combination of Partner Driven capital and funds from Matt & Penny Winfrey, allowing for a swift cash purchase that gave us an edge in negotiations and facilitated a rapid transaction.

One claimed $100 per day fine from not cutting grass for 2 years to take the $70k excess proceeds.