This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.

I have a question and would really appreciate your input.I’ve done a couple of fix-and-flip projects in the past using hard money lenders, but I’ve noticed that their fees and interest rates significantly cut into my profits.

But tax wise just here to note if you buy a 4 unit as a primary when you go to sell (if you meet the requirements) only 1/4 of the gain could be excluded under the 121 primary home sale exclusion.

Quote from @Craig Parsons: Quote from @Craig Parsons: Quote from @James Wise: Quote from @Craig Parsons: So this here is a hot mess. 

The tenants have their own W/D so I can’t make money off that.

Quote from @Shiloh Lundahl: @James Wise Just like any model, there are good operators and bad operators.

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.The increased budget allowed us to enhance the property's overall value significantly, and we were able to sell it for a much higher price than initially anticipated.

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.The increased budget allowed us to enhance the property's overall value significantly, and we were able to sell it for a much higher price than initially anticipated.

@Dalton Foote I have had tremendous success using direct mail and mailing the owner of record where the tax bills get mailed to.Generally, property management companies don’t pay the real estate taxes so this gets me right to the owner.Targeting wise, I would just do a zip code filtered by unit count using a service like listsource.  

I agree that the best way to make money is self manage your short term rental (not AirBNB, that is a platform).