Also you can save a lot of money if pm has their own handyman employees and do not need to sub out all repairs. my experience is that STRs outperform LTR by enough to cover the PM fees, utilities, and additional furnishing costs but not much more.  

And numbers I believe are up to $1,650/mo (or something like that) if you include utilities.

I have utility bills and mail to show I live here.Originally posted by @Albert Bui:Originally posted by @Chris Miller:I Bought a house subject to 6 months ago. 

I love to utilize VAs!

I have found that I can apply for business credit cards, which enable me to do renovations or pay for utilities over a period of time, while I save up for down payments or what have you.

I'm 31 I never met one person who moved to Lehigh acres under 50 years old. no jobs, infrastructure, commercial, etc and no utilities either. just a land play that a developer made millions on in the past 

To be honest, I like J Scott's approach for 2 reasons. 1st, it's easier to drill thru the COGS details since everything is posted there, 2nd, you can run budget vs actual if you plan to utilize the Budgeting feature to track your progress directly from QBO.

The only types of loans that will utilize a projected future value are rehab 203k/homestyle/renovation/private/hard money bridge loans, those will order an as is today and future valuation ( ARV - after repair value) to determine your maximum loan amount with rehab included.

My plan would be to occupy the small apartment unit, and utilize the main house for my small business.

Depending on the shape of the lot, your site work and underground utilities will be some of your bigger costs.