If you're good with these numbers, get a house inspection to find out if there are any other problems with the roof, foundation, HVAC, etc.Lastly, keep in mind that a big job like renovation is much more difficult if you're living in the house while work is being done - doubly so if you're doing the work yourself while living there.All the best with it!

LTR is difficult to cash flow anywhere but I can get pretty close here with the right circumstances.

Hi Ivana, I did wholesaling for a few years from 2017 - 2019 and I found it pretty difficult if you don't know what you're doing.

@Aashrit LuthraI'm based in California so I understand how difficult it is to find a rental property that is cashflow positive.

Denver is difficult as the City and County of Denver has limited STR to properties which are your primary residence.

Pros: More likely to get rent paid, in some areas in makes it easier to lease Cons: Tenants are more often difficult (although there are plenty of good Section 8 tenants), the inspections can be annoying and (oftentimes) the bureaucracy can be really arduous to deal with.

Reposting my response from that other thread you had here again:Going to say this be great care as it is emotionally difficult to process, speaking from experience.

Condo Heloc could be difficult with recently being listed for sale..check in with @Joseph Chiofalo he's a South FLA based lender and they have DSCR and alternative income bank statement second position programs..they also do mixed use and 5+ units commercial lending. 

So I used the company he suggested in his videos: Prime Corporate Services; I paid them and they set me up with 2 separate LLC’s; one in WY for anonymity and one in PA where I reside, but besides that I know nothing of what I’m dealing with and from what I’ve seen on these threads is that I screwed myself and just made my life more difficult. 

Will that make it more difficult to take out a HELOC against the farm?