I am just trying to wrap my head around at what purchase price does this property cash flow. 

There are far too many regulations, the transaction is a much longer process, and we are talking about someone's biggest purchase.

If you are going to finance your rehab then use a LLC to purchase and a rehab lender for financing. 

Quote from @Frank Pyle: My client recently purchased a home with a hard money loan and have successfully rehabbed it for use as an Airbnb rental.

Purchase price: $275,000 Cash invested: $45,000 Sale price: $410,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

Its this sharp depreciating component which has always prevented such a purchase.  

I utilized those funds to purchase 18 rental units.

You cannot close an RE purchase or sale without using an RE attorney.

Hey Todd, that’s a real juggling act you’ve got.. balancing one home in Florida with another new purchase in Oregon.

Do you have a 501c3 that you operate under (and rent the house from yourself), or do you purchase homes with an LLC or personal name, and run as a regular business?