Due to the nature of the shorter lease terms, I am spending an excessive amount of time updating my Excel spreadsheet, MLS, business website, Airbnb, VRBO, and other platforms.

I purchased sub2 a handful of times for fix-and-flip types of situations, where I was in and out of the deal in 3 months.  

If you buy less or take cash out you will pay tax on that amount. 

My concern is that I may need to invest a significant amount in redecorating the home to appeal to this new audience.I’d really appreciate your thoughts on this.

Had to fix.  

Drawing from your industry expertise, what would you consider the average success rate for Fix-and-Flip investments, and which localities offer the most potential?

The gurus and seminars often draw people who are broke or unhappy with their lives, and are looking for an easy fix.

The buyer comp agreement has to be a specific dollar amount or percentage. 

Just for example, if you buy a single family home to flip at $300k and your rehab budget is $70k (which isn’t a ton - very easy to hit that amount) your ARV is definitely going to need to be above $500k to make any profit/make it worth doing at all.  

Advantages are we don’t have to furnish anything in the house and we collect the same amount of rent each month no matter how many members are in a house.