One of the reasons I love STR's is the chance to blend your lifestyle and investing goals.

Zack Karp recently made the following comment on a BiggerPockets forum, "Conventional is better than FHA if you have a 680+ credit score, as the blended rate and PMI cost is lower."

I agree that a blending is fine and no less admirable than building strictly passive income.

The actual expense will be blended into the line item "reserves" (for replacements of long-lived items).

SUMMARYPitch Anything by Oren Klaff When it comes to delivering a pitch, Oren Klaff has unparalleled credentials.

Might I say that BP is a wonderful blend of all of these, and I am elated to have such a wonderful resource, but also to be a small part of the BP team (as a contributor to the BP blog).

Or a blended/average return of 18% that includes the sale with any appreciation. 

@Scott Loud I do HML as well as PML and many people face the same challenge:“I get a good ROI while my funds are on the street but it gets blended down when I get paid back.”For instance if you lent our at 12% for 6 months, got paid back in 6 months, and then your cash was sitting in an account earning 5%, your total effective rate earned is 8.5%Not everybody is a fan but this is what I do:I lend out longer term.My interest rate is going to depend upon the environment but I’ll have a 3% pre payment penalty if the loan is paid back less than 3 years.The operator has to have a good track record of doing value add deals and a good business plan for the opportunity.Let me know if I can be of any further help!

I have not lived in the property but it has been occupied for the last 5 yrs by the same tenant.I am waiting on a detailed quote on the water issues so I can better understand that.Unfortunately there are no warranties and I don't believe I have recourse with the builder.The dishwasher could be sold as is, but I had figured it would be worth the $200 to get a fully functional unit.As for the drywall repairs, it looked as though there was a dry wall repair that was done poorly and needed to be redone in order to blend back in with the rest of the wall.The toilet seems to have come loose and is apparently evidencing some type of erosion on the floor where the base goes into the cement under the flooring.Realistically my target buyer is an investor who will continue to rent it out.

I think you have to bounce it against your goals do you want to ... a) be a semi-custom home developer, catering to the tastes, whims, etc. of your clients; or, b) rehab houses on time/budget.I know some other folks nearby do a blend of this where there are limited options for upgrades, changes.