It’s definitely a street-by-street game in many areas

But at a $1.5M asking price, as long as you don't have to spend more than $300k in rehab (without raising rents), this is a slam dunk deal that should easily be financed  at 75% LTV by a "investment real estate-friendly" bank/credit union that is located fairly close to the properties.

Remember, for any claim, if you can just find one case where that proposed claim does not work it is enough to prove that claim is false.So consider this.They it was told toy uo by others is inherently flawed simply by this fact:If I give you a list of 18 year old people that don't own a house... and that list is 2000 contacts large, how many deals are you going to make?

Sometimes even neighborhoods can vary street by street, so there's always a lot to learn! 

These days as you mention with STR almost everything can be handled remotely...cleaning, painting, locksmith, yard care, even drive by pictures of the house occasionally or internal pictures too. 

Originally posted by David Taylor:Originally posted by @Steven Hamilton II: Originally posted by Tony Bc: We (husband and wife filing jointly) are looking for a CPA.

•For your next purchase, check if you can leverage FHA financing again—it’s one of the most powerful ways to scale quickly.Resources to Learn More•Due on Sale Clause & LLC Transfers: Nolo.com•FHA Loan Rules for Multiple Properties: HUD Handbook 4000.1•Scaling from Single-Family to Multi-Family Investing: “The House Hacking Strategy” by Craig CurelopHope this helps!

For example, if paying $1500 or $2800 for a CPA who will advice and help you implement strategies that will lower your taxes by 2x or 3x that price, then that price is good.If you can understand what you are getting from paying that amount and your perceived value of the return, that will help you make the decision.

I've seen some people house hack a single family home by renting out the rooms, but keep in mind that traditional lenders would not be able to use the income from renting out the rooms (known as boarder income) towards additional income on the application.

You let it slide, waive the late fee, and she pays by the 10th.