you not on one of the major listing sites you are missing a lot of revenue potential Penny wise dollar poor

Quote from @Alecia Loveless: @Jonathan Bombaci I think a good lawyer that has passed the bar to practice in two states is going to be more expensive than $200,000.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

You have to weigh the benefit of the insurance claim payment versus potentially having your carrier cancel you and perhaps get black-balled by the insurance industry.

Even at that price point, you may struggle to find a tenant, potentially leaving the property vacant for months.Here’s an example of a deal I’m currently working on:Purchase Price: $215,000Rehab Costs: ~$250,000ARV: ~$615,000Potential Rent: $3,600/monthUsing a $615,000 ARV and 75% LTV on the cash out refinance, with taxes and insurance, my monthly payment would be $4,267 using an 8.5% rate.

Is saving the fee a PM charges worth the potential thousands in cost and headaches?

I did not put any of his info into practice and stopped listening to the podcasts after a while because lease options didn't really appeal to me, but he seemed like a decent guy and the podcast had a lot of value at no cost. 

Additionally you can do a cost segregation study and get a lot of depreciation benefits to offset the rental income (and potentially other income).  

It was in response to a potential emergency situation (ex: a water heater in one of my units was leaking and they paid a little over $2,000 for replacement).

I am moving out to the Destin/Fort Walton Beach area at the beginning of next year in January for work. My goal is to buy a house in the area and house hack the remaining rooms. I am hoping to connect with other like-...