Are there any city or lender required repairs that will require an immediate injection of capital?

This is the point that in my mind the house has reached a balance point and is stable.

However, A General Contractor will be required on all renovation projects over $25,000.

I do some private lending and if the deal met my requirements with furnishings I would be ok.  

While land loans still require good financials, smaller local lenders are often more willing to work with unique situations.You could also look into partnering with a private lender or forming a joint venture with someone who shares your vision.

The lender may then require your co-signers to be owners of the LLC, but not necessarily.

You have to balance the cost of being below market with turnover costs.

However, there is a straightforward process that does not require any secrets or gurus, which is illustrated below (click to enlarge).I will summarize each step below.GoalsSetting written goals is the foundation of any successful venture.

Future gains on the investment portion may be deferred with another 1031 exchange, while gains on the primary residence may qualify for the $250k/$500k exclusion if residency requirements are met.This post does not create a CPA-Client relationship.

It’s all about finding a balance between purchase price, financing terms, and smart rental management so you’re not forced into the red.