Hey Ken, yes, total net profit is $25,000.Closing costs, holding costs, closing costs .  

I started out buying and holding mobile homes for cash flow when I first started out.

Holding LTR in san diego on a new purchase is challenging not to be large negative at high LTV.  

Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs. 

.: Quote from @John Williams: Here's why I don't like the 1% rule...A buy-and-hold investor should think long-term. 

In both cases, you are left holding the proverbial bag.

But I am not trying to sell the note, I will continue to hold it, and in the worst-case scenario, the borrower will become current, or in the best-case scenario I will foreclose and gain equity.

We help our clients:1) Find a fixer-upper to buy2) We get bids3) Negotiate a Scope Of Work with the owner using "Maintain to the Neighborhood" to avoid over-improving, but understanding we will have to pass city Rental Inspection to avoid being a slumlord.4) Provide multiple jobsite videos to show progress and document WHAT was done and the QUALITY.5) Handle passing city Rental Inspection6) Find a tenant with a Replacement Guarantee per Class7) Assist with refinance, so client can repeatSo, why you looking OOS again?

"I actually think renting a place will get me started"If you are talking about being a tenant yourself and operating a airbnb in your rental apartment don't hold your breath.

I'm a buy and hold investor.