Purchase price: $285,000 Cash invested: $40,000 purchase Price $285kRenovation Cost $40k (on budget)Renovation Time: 41 daysARV: $425kIf you are looking for a long term or short term rental in old town alexandria or just a small / tiny home primary residece with NO HOA right on King Street, this is your home.Contact with questions, interest, referrals of anyone you think might love it. more photos will be uploaded soon.

Also will be adding tiny home cabins to property to make for cash flowing retreat/STR.

I am tiny little small fry here - again - I'm Not an investor; I just happen to own 1 SFH rental that I am now selling, in a market I am unfamiliar with; but not unfamiliar (read ignorant) of the process.  

Quote from @Ryan Tin: I see, that makes sense, likely need more details to make a decision.

(full disclosure-I knew the guy, or know him, he's not dead just gone from the auctions and haven't talked to him in a few years, but he was always nice to me and I don't have a clue as to the validity of the federal charges against him, but he always treated me decently and I've got nothing bad to say about him and I know other landlords who've been demonized and slurred as slumlords when I think they simply bit off more than they can chew, while other real slumlords seem to operate for years, as long as they don't get too big) He used to kind of dominate those auctions and maybe that was a good thing, as I'm sure there's a whole cast of characters who've filed that void.Thing is, ANY property under $100k, maybe even under $150k or $200k will certainly have multiple bidders, there are a LOT of people like me when I'm looking, who have the subscription to the sheriff's sales info reports from the Daily Reporter ($600/year and you get the results emailed to you in an Excel spreadsheet on Tues, next weeks auctions emailed on Thurs) and another good indicator is I'm on an email list for one of the firms (actually out of Chicago) which handles a tiny, tiny fraction of the cases and I've looked at the "cc list" or whatever you'd call it if ALL the addresses that email is sent to and there are HUNDREDS of them on there and this is for I think Johnson Blumberg, who many weeks don't even have any cases in MKE or Waukesha Cty.

I’d have to think that, at this point, 99% of Poconos homes are failing to break even every month in STRAt this point the Poconos has basically just become a market for locals, people in NYC or Philly who want a vacation home that occasionally rents out to subsidize a tiny portion of their mortgage every month.

I would like to see about putting a tiny home on the 2 acre property and selling it to pay off the mortgage on my main property.

Institutionals make up just a tiny fraction of the market, not enough to move the needle even a little.

We manage 7 STR properties and just bought 2 single family homes and a tiny home.

So if you’re considering working with Paul McGraw and his team he really will not take everyone so it will take work to get into the program, but if you get in your tiny investment will save you tens of thousands.