Deanna Greenwood managed a renovation for me of a Ormond by the Sea Cottage.

After sharing a big fail that was our first flip in this forum, wanted to follow up with a win that was born from it.

Lead Source: Off-Market
Strategy: Flip
Purchase Price: $150,000.00
Rehab Budget: $90,535.00...

And civil:)Landlords should all read the book, "Who Moved My Cheese?"

The most walkable would be any near downtown: Fountain Square, Near Northside, Cottage Home, Holy Cross.

VacantAll NNN lease with expenses reimbursement from the tenants. seems like a good location as it is just off of freeway and there is Chuck E Cheese, Apple Bees, Raising canes and other  good retail around the location.We are trying to get the latest income statements from the realtor to assess if the tenants are doing good (mainly from the bar which is occupying 50% of the space and lease coming to an end in 2022)According to our calculation cash-on-cash is around - 8.5% if the building is 100% occupied Assumptions: 25% down payment and 75% loan from the bank @4% interest rate 30year amortization Operating expenses included - Property taxes, Insurance, CAM, Management fee.Are we missing anything from the calculation ?

For those cottages that do both STR and WR, the summer rental weekly rate can be 1.5-2 times the monthly for our high season.

A small cottage in my hometown of Amarillo might be worth $200,000, but if it's on Cape Cod ocean front, it's worth $2 million or more.A house is a house. 

The other family member would be my partner in the cottage build. 

So our plan is to do a cash-out refinance for the full amount, and use that money to put down payments on, hopefully, a few cottages.

bought a 3/2 single family home with a cottage that my wife and I renovated and rented out to a well qualified annual renter!