Fortune Builders is designed to build a fortune for the snake oil salesmen on the podium, not for the poor fools who drop $30K or more on their get-rich-quick scheme.

We cleaned it really well with TSP, then we primed it with Killz oil primer. 

There could be winter activities nearby that attract people such as ice fishing, snowmobiling, etc.I also discovered they had variable rate pricing depending on which dates and if you stay 1 -3 nights or less in the high season, they limit stays to 1 week minimum, Friday to Friday, to minimize turnover costs, etc. 

Still, we forged ahead and got the P&S on December 23rd.Initial BRRRR Estimates:Property acquisition: $151,000Rehab: $30,000 total:$2,000 for kitchen (stove hood, refrigerator, stove, dishwasher etc)$2,000 for window repairs (about 4 broken windows)$4,000 for painting$3,000 for oil tank$2,000 for water heater$2,000 for second bathroom spruce-up$5,000 misc$10,000 for roofEstimated ARV: $230,000The initial numbers looked good.

Got my first coronavirus fear cancellation my bigger concern right now is oil/ gas.

A lot of the tenants up there are transient tenants associated with the oil fields.

I did see them go up yesterday (as gold and oil improved) and even saw 5%.We were out bid on Thursday in Seattle on 2 homes..

A cash flowing property is no different well aware, my grandfather who was a oil and gas billionaire taught me a lot of things when I was a little kid.

It was beautiful, deep, concrete lined, lots of fish, big circulation pump, leaf strainer etc and it was a lot of work and studying a variety of stuff.

She said the rates typically follow oil prices and takes a few days to adjust.