Purchase price: $85,000 Cash invested: $65,000 Sale price: $200,000 Contributors: Peter Vekselman Partner Driven and Seth Choate acquired a property on Highway 64 in Lewisburg, TN, for $85,000 on 07/22/2024.

60k is definitely a hit and unfortunate for sure but it sounds like you have two opportunities to force appreciation up front and collect off the back end.

So in most cases, I've found that very low bids are not an opportunity but a warning sign.   

HI John, yes open to contracting work and opportunities

Quote from @Milena Garcia: this sale I hope is all done after 2 months..

(Not as part of my consulting business, just as an opportunity for me to learn and perhaps build a relationship?)

@Travis HillAlso to your point on driving around I’m a big believer in grading the street within the neighborhood.The neighborhood may be an A but if the streets a C - it might not be a good flip opportunity but a good rental

Getting a bit overwhelmed with all the required County Level and City Level business licenses, STR permits and Tax accounts (Business Tax, Franchise & Excise Tax, Sales & Use Tax) to register with the state.

I should have listened to my gut at that point telling me that I was being told what they thought I wanted to hear to make the sale.

However, I don't know from a practical point of view if it's doable 2) Condo vs townhouse vs cashflow: I noticed condos  and townhouses are way cheaper in fort myers FL ( however risk of hurricanes) and maybe more opportunity for cash flow.