Investment Info:

Single-family residence fix & flip investment.

Purchase price: $60,000

Cash invested: $80,000

Sale price: $209,000

Im not good at this type of stuff, but a brief desciption o...

Additionally, you may find that the pressure of the hard money loan will cause you to go faster and make poor decisions, or life could happen, and you could be delayed in completing the rehab.  

In older times a strategy might be to rent to older, more "life experienced" tenants. 

House hacked a couple of properties here and it changed my life. 

An idea we have is, I am burnt out from W2 life, and wife makes great money (+$300k) , and I could take the year to repair/renovate, manage, rent, repeat the units in the MF qualifying for REPS status (50%, 750hrs, material participation, etc). 

If the software is not simplifying your life or making you more accurate, you shouldn't use it.

They have utilized a number of financing approaches including: Minnesota Housing Finance Agency Tax Credits, Conventional, Grants through Duluth Economic Development Authority (DEDA), Duluth Housing & Redevelopment Authority (HRA) Assistance.Sharon Brown with Duluth's Life Safety office is a great resource as well when dealing with blighted properties.

I’m also at a life stage, where I’d prefer to just live with my partner and not rent out individual rooms in my unit.When I move out, the rental income would sometimes just barely cover the mortgage and taxes (usually not even insurance).

Back house but luckily deemed permited ADU exploded.https://www.yahoo.com/news/beloved-father-fighting-life-icu-...

Do you want to live here 1-2 years and then buy something else, or is this your near term home until something in your life changes (kids, job)?