Most only assumed it applied to a specific demographic of society so it would be seen as more humorous or acceptable.

.): ~$35K (assuming 8%)Total Cost: ~$375K–$385KProjected Profit: $65K–$75K before taxesThat is a decent margin, but this being a two-year project, you need to be sure the market doesn't shift downward, and that you have a buffer for unexpected costs.3.

They're basically two different skill sets and it's fallacious thinking to assume you can do one because you can do the other.

It'll be confusing in the short term, I think people assume it's inflationary.

Hey @Buck Dabill, it's difficult to say without the data, but we would assume if the property is on a lake (especially one used for fishing or summer activities) you could demand a higher nightly rate.

They’ll help you spot off-market deals and seller-financing opportunities.Explore Creative Financing – If cash flow is tight, look for seller financing, assumable loans, or properties with strong ADU potential to maximize rental income.Expand Your Search Criteria – Utah might not hit the 1% rule, but duplexes/triplexes with an extra rentable unit (basement, ADU, etc.) could help improve cash flow.You’re on the right track, and you’ve got options.

The good thing is you won't have a bunch of surprises since you are already assuming most of the mechanicals need done. 

If not, they'll announce the winner assuming the owner is happy with the result.

Because later on, if you want to get a business line of credit, apply for grants, or pivot into a different industry (like buying an ice cream truck—hey, life happens), you can use the same LLC without lenders or banks assuming you're only doing risky real estate deals.

Assuming when you say "$3900/mo in rental income" you mean cash flow.That means it will take you about 13 years of rental income to equal the $500k in equity you have now.