Feel free to reach out if you have any questions.The Short- Term Rental Loophole ExplainedThe Short- Term Rental Loophole Explained

For a long term hold, time and my value add will create my spread. 

And.....”preREO”...just another goofy a$$ made up marketing term. 

I've bought a ton of homes pre-foreclosure and at auction, happy to be a resource on that stuff, plus we just launched Bid Pirate, which is the one place online for NH, where you can see all the upcoming foreclosure auctions in one spot - you can learn a lot from the regulars at the auctions........ get after it, sister!

I'm going to try and see if any of the long term neighbors want to do it, lots of pre-gentrification folks still here who might be happy to.

I came up with $385,000 to build for material/labor.

Quote from @Miguel Garcia: If I look into investing out of state should I look to get pre approved by a lender in that area or would a lender in my area be fine?

Rehab costs and ARV (After Repair Value) are key parts of evaluating deals, so it’s great that you’re diving into these concepts early.For rehab costs, creating a rough estimate starts with understanding the scope of work and local pricing for materials and labor. 

But terms have to be doable.

Is there a pre existing loan with that bank with either of you?