What I don't buy at auction, I buy at Wal Mart (linens, cookware, utensils, etc).Washer $75.Dryer $75.Stove $100.Fridge $100.2 recliners $50.Tables and lamps $50.Dining table and chairs $50.2 bedroom suites $300.2 old style televisions, free.That's $800.Probably spend $400 at Wal Mart for soft goods.Finally my biggest single expense is the Smart TV for the living room, $250.My tenants work 10-12 hours a day, 6-7 days a week. 

(We were soft on that and went ahead and fixed things'when we felt we should) They pay above market rent. 

I have seen other mobiles for sale that needed work for more then what I'm selling this one for so I thought this thing was going to pop in just a few days since it's ready to move in (there's one soft spot in teh floor.)

:wink: Yes, another country, but still...I'm sorry if I made an impression being weak and soft - I bet my PM and some others had the same impression of me.

Depending on the agreement between the purchase of the lot and the soft costs associated with Architecture and building the tenant in common doing the 1031 may be able to use the exchange proceeds within the 180 days.

You’ve likely received some type of communication via email with all the details on the investment, and that email will usually have a section where you select to “Soft Commit,” “Invest Now,” or “Reserve Your Spot.”

I am building a vacation rental from scratch in what is going to be a 2-year project in the Miami,  FL area.I have bank lending secured for the construction, but I expect to end up spending ~$500k above the loan amount when all things are considered (including soft costs, landscaping, furniture).I was wondering whether anyone has experience with getting SBA funding for vacation rentals as a business? 

This is, related to one of my consistent pieces of advice that I always give my clients:"work with the smallest lender that can do your size of deal" --Ron RohdeSo for example, if you're buying a $20 million property, you're looking at a $15-18 million loan, you probably can't go with a credit union, that's gonna be above their single borrower limits, they may not have the deployment, and they're probably just not gonna be as experienced, but you can go with a small regional bank, and so that's the lesson here, but don't jump to Wells Fargo or Chase if you don't have to.

Soft and hard costs = 1.2M.

In 30 years as a landlord I have had 3 evictions. 1. was when I used a rental company in a soft market and they never collected the deposit from the renter before she moved in and it went down hill after that. 2.