We stayed at a STR in Oakhurst on our honeymoon and spent a week seeing Yosemite!

Thomas Tusser 1557This company purported to flip urban Baltimore row houses. from the article above, one investor bought 2500 Hollins street west baltimore for 20k, then spent 20.5k for rehab, a simple Google street view search shows it to be abandoned row houses in worst neighborhood of highest crime city in America.

I bought a SFH in Canton Ohio last year with the goal of making it a MTR due to the location (STR is NOT an option due to regulations but it is close to various hospitals) and the 4-car garage (makes for a lot of options).Long story short is I quickly acquired 2 other properties right after and spent all my focus setting these 2 properties up for doing the STR loophole for tax purposes (which was a complete success!). 

@Henry Hsieh not sure what you're referencing with your numbers, but we agree that newer investors should DIY manage their first 1-2 properties to understand the management process.After that, their time is better spent on other aspects of investing, so they should hire a PMC.Don't fall for online reviews! 

I have spent more time following up with this company and their team than managing all my other properties.8- Their marketing material says they would buy the houses back if it’s not worth their expected appraisal amount9- Houses in Baltimore were sold to me as section 8 houses – they are now saying tenant is not paying 10- I have not received payment for the last house in Baltimore since April.

But now, I'M at fault for not realizing there was significant mold damage in the foundation.I have spent too much time thinking about this, but if we want to keep digging, pass me a shovel.  

Renovation costs, such as the $165,000 you spent on major renovations, would typically be included in the cost of the property and would be used to determine the overall value of the property.

Spent $0 in 2022 and closed on 10 deals 

Here’s the investment details10k for revamp and fully furnishing 5k upfront fee for design and management $500 flat fee for the managementFYI I have already spent like 15k on the property 2.5 years ago to set up.Thanks for looking into this.

It will cost about $600.I wonder if I have spent the money too soon.I am not an expert in pest control.What if the tenant left a door open or something, and a few rodents slipped in?