Purchase price: $102,000 Cash invested: $6,000 Originally used as a short term rental, this property is now a mid-term rental (min. 30 days) and continues to cash flow.

So as the original post by @Chad V.  

It was originally homesteaded in 1890.

You could look at filing a complaint against the original contractor - realizing those don't often go anywhere, but it's something.

My original thought was to basically just triple what the normal vacancy rates were in the area, but I know that would not be super accurate.

Portfolio income, such as interest does not have any preferential tax rates so it is taxed at your ordinary tax rates.For the average taxpayer, interest income will not be considered active or passive which the original poster is trying to claim(as passive income).You, from my understanding, are in the business of originating and buying notes.

The kitchen can't be fully upgrade with a nasty original bathroom.  

We will need to wait a bit for seasoning but I expect to be able to refinance in the coming year pulling out all our original capital.  

The original “cash is king” was a saying that was developed during the ultra high interest (mortgage rates hit 18%!)

The borrower originally agreed but (this is where its important to take notes as the gurus do not teach this),  - what do you do before getting a deed in lieu?