Also a ton about it here https://www.biggerpockets.com/blog/renovation-toolkit

Also Mid-Term Rentals to traveling professionals, people displaced for insurance reasons, or doing a renovation to their home and needing a place to live for  3 months or more are also possibilities.

The mold house would only be a good investment if you can buy it at a low enough price to cover the necessary renovations.

While purchasing under market value is a great opportunity, stretching your budget too thin can add significant financial stress, especially during the renovation period.

Also the contractor selection will be key.Everything involved in historic renovation comes down to experience and communication. 

What is the average renovation cost?

I see the website and they have construction crew which turned up when I requested some renovation work for one of my other project.

Where else do you have a chance of getting that sort of tax free cash when you are young.You could also renovate, refi and rent it. 

Is this a conversion that will also require substantial renovations?

Hi Ella, welcome aboard,Your post about your real estate ambitions, encompassing the purchase, renovation, and sale of properties, as well as the ownership of Airbnb rentals, is indeed an exciting endeavor.