Cash needed:+Down payment: 40 (10%) +Closing costs: 5000+Renovation: $50-80K+Furnishings: $10-20K **Numbers below are for a price of $415,000, if put 10% DP+ PMI and Using 3.2% interest, 30 year Fixed**———Short term rental- 8 months per year70% of night occupancy typical for area450-500/night total predicted (3 “units”)(0.7*30=21 nights full) x 450= $9500.00 revenue per month (?

if they do well or as predicted, i will start my sabbatical 2024, if they don't do well, i would work an extra year or two. i would also consider exiting a DST when they mature if they're not to my liking since my tax bracket would be lower in 7-8 years when DSTs normally mature.

@Dominick Galinis there is no rationalizing building when you can buy existing inventory...if you're not an architect or have a tight connection with a custom home builder this will take twice as long as you think with cost overruns you never predicted...how are you predicting you'll be in an instant equity position?

The rise of the internet permits the use of new types of nonfinancial customer data, such as browsing histories and online shopping behavior of individuals, or customer ratings for online vendors.”Currently, those hoping to take out a loan can expect to have their repayment and credit history length, as well as total debt checked, but going forward, the IMF study suggests, this will be expanded to include what’s known as people’s digital footprint – either collected from data already publicly available, or that obtained by credit bureaus.The stated goal is to improve “loan default predictions” – and the upcoming trend is sold as a way to give access to money to people who have previously been unable to use loans because their status is “unscorable.”

But no one can predict the future so our actual return could obviously be different. 

Since you're at a low marginal rate (and my prediction is that they won't go lower), I'm of the mind that you're stepping over dollars in the form of potentially foregoing buying additional bank financed properties. #3 is a good idea so you don't have to pay the capital gains.

We're definitely a little wary of a no inspection contingency, since we're new to the business and probably "don't know what we don't know" in terms of predicting what we might find during inspection and the cost to address them.

I'd try to take the time to understand what this property would look like if the numbers come in at a worst case scenario, or at least a worse scenario than what you predict, and see if you are still comfortable with it.  

My prediction is Colorado will see rent control in the next 5 years.

If there is a larger impact than I predict, then it’s like any of the other regulations here, where there will be winners and losers.