For example:Buy a $450K property with 20% down, you save $360K in the bank.

@Kristin Boekhoff to add to the great input from @Jason Taken:1) To save money, you really want to clean as little as possible.

@Josie Sandoval some PMC's will try to save you money by NOT offering to pay other agents a commission.

For a business doing fix and flips, I can't see how any tax savings can outweigh the additional leverages and costs of vesting this way.Cheers!

I spent close to six months looking at various vendors in the space, and below are some of the ones we ended up choosing (including one of our favorites, Hospitable).Each of the hours underneath the categories refer to what I estimate the monthly time-savings are by deploying the technology within the box for us.

The Airbnb paid for almost all the expenses of owning the home and my "rent" was just putting $200-300 away each month in savings for maintenance and capex.

You can also have a high-yield savings account elsewhere, but a local bank relationship will really help you as you begin to grow.

Figure that out and you'll have a roof over your head that pays for itself while you accelerate savings and repeat in 1-2 years.

The main reason I'm asking this, is to understand how much cash I need to save up in reserves before pulling the trigger on a deal like this?

ITs a fine line though some of these guys will lien the property even if they are not right and it buggers your title until it gets resolved..