It creates a space for people to reflect, learn from each other, and even rediscover strategies they’ve forgotten.Revisit the Basics: I love how you mentioned going back to basics.Invitation is open let's have a coffee  next Tuesday  7:00 PM at the Squadron Restaurant next to Miami AirportJan 27,2024. 

I saw how that proposal is basically her giving me a 0% loan, but at the same time I believe that structure will avoid her taking a large loss (approximately 30k if she accepts a 300k offer).I do not know why she doesnt get a PM, I only share the facts of when she purchased it, the purchase price, and the reasoning she shared with my realtor as to why she is selling after such a short time period.

;-)I am starting to read books, audiobooks, and this site to builda basic understanding of RE investing in 3-6 months.

It was held by the previous owner for a very long time, so I wouldn't be surprised if some basic facts about the house are incorrect.

Although I conducted a basic septic inspection during the closing, and the system is in good working condition, it still failed the STR inspection.

@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.

Basic white appliances.

I'm seeing new neighbors of basically identical houses with maybe 50 or more investors in the community. 

Since you can't control the sale price, you basically have a $4k cushion to your reno costs, or otherwise you lose money compared to the as-is scenario.

It's basically a legal 2-unit that can cashflow $900/month.