Reno Scenerio Off Market Purchase Price - $185k ARV = $315-335kReno - $55-65kHolding - $10kClosing both ends - $25k= $335 , $315-$285 =$30-50k gain  As-IS Scenario Purchase - $185kSale Price on MLS :$225- $235kClosing both ends - $20kHolding - $4k= $235 - $209 =$16-$26k gainIn both scenerios I’ll be 1031ing it into a new investment.

I was hoping I could get some more general information on how this whole process goes and to inform myself on the pros and cons given im a newbie and don’t know much.

She has quite a bit of experience regarding investment real-estate purchases.

Therefore you have to rely on contract, if its a new build, make sure its in the Purchase Agreement.Why?

Purchase price: $380,000 Cash invested: $135,000 Annual rental to be turned into STR when tenant vacates What made you interested in investing in this type of deal?

Obviously would be a slower process, but would create very little debt hanging over your head.

Anytime you are looking at purchasing a condo with a mortgage, the HOA Questionnaire is always going to be a key point of the loan process.

Thanks again for your input, and I'll probably reach out as I get further along in the process.

So if you purchased one 4-plex each year, after 10 years you would have about $12K per month in cash flow.

That ensures you don't spend it on other things and that you know exactly how much you have available to spend on the next purchase.