Purchase price: $65,000 Hybrid Fix & Flip, bought, made minor repairs and clean out.

. $220,000 is definitely a lower purchase price amount and really limits you on what you can buy.

Purchase price: $205,000 Cash invested: $60,000 This was the first property I purchased.

Purchase price: $645,000 Cash invested: $516,000 80% cash purchase.2,437 sq ft Duplex, with 3b 2b for the front unit (1331), 4b 2b for the back unit (1333).   

You can purchase a primary home with seller financing, then rent out the spare rooms to generate income.

Just keep a good record of your SREO and hang onto the HUDs that you've had from both your purchase and your sales.

The rule of thumb for me used to be that the property needs to be able to do 20% of the purchase price in gross rental income.

Now days you don't buy a deal you make the deal either with how you operate the property, how you finance the property, or how you purchase the property.

However, the LLC is grandfathered in, and so they are saying we would be able to still operate this if we purchased and managed under the LLC.Obviously a lot going on here, and I am still relatively new to this world (would be first STR in Nash).

You don't need to actually rent to purchase a renters policy.