What made you interested in investing in this type of deal?

Purchase price: $216,500 Cash invested: $12,750 single family home, purchased w/ the intent of $50-$100 cashflow monthly.

Since he did much of the work himself with his own excavator and dump truck, the development cost was far lower than normal.When we met, he said he had lots of interest in the property and wanted an informal offer as soon as possible.

Market crash is the problem for the house flippers if they pay too much price.If you are making good cash flow, market price doesn't have any effect on you unless you will need to sell the house.

Every state has a slightly different process, and time frame for each step, so you may want to consult a Realtor for your state process.

Here is what I have done to increase the revenue per month by average $1,741 versus the comp set properties of the STR owners I consult with.

It would just need to be a situation where they have great contact with the person doing that managing of the project (I.e. have known the person for years, great reputation, person has experience in flipping etc.).

(No mortgage on any).the cash flow is a total of $3,100 a monthDo portfolio loans exist for these kind of situations?

@Sean O'Keefe Could I get a copy of the logbook please?

I can see how there's a bit of a conflict of interests here, where the agent obviously prefers a sell, however I slightly prefer renting it.Thanks in advance for any advice!