If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

It's different market now and I am slowly getting back to explore to see if we can still cashflow in the new price.

Look forward connecting with you, I recommend reaching out to Sean Daley.

Purchase price: $205,000 Cash invested: $60,000 This was the first property I purchased.

Of course, he gets to keep the $10,000 in earnest money now and if the lender does fund in 2 days, the new listing will require another $10,000 and he wants full asking price.

Has anyone here retired debt-free, and how has that impacted your life versus maintaining debt for investingLooking forward to hearing your thoughts and experiences!

Hire a reliable co-host or property manager (15-25% of revenue), automate pricing and guest communication with tools like PriceLabs and Hospitable, and build a strong cleaning/maintenance team to handle turnovers and inspections.

So I am left getting a policy with a non admitted carrier for likely 2-3x the price for less coverage.

Natural appreciation usually takes holding the property for at least a few years (just depending on what the RE market does going forward).  

I'm also a licensed mortgage broker with a lot of fix-and-flip programs, including some that require as little as 10% down on the purchase price, and provide 100% of the rehab funding.