I have 2 properties now one I live in but Short Term Rent it when not home which is a lot.

Living trust does nothing for anonymity.

I live in Cullman.

We are somewhat handy and would not mind fixing up the house while living in it. 3.

I lived there from 2017 to 2022 and personally witnessed significant changes during that time.

This provides you with a safety net for any unexpected expenses during the rehab process while also potentially allowing you to secure higher leverage on the purchase price.

I called and emailed Nomad daily and could not reach a live person, even in an emergency.

It's not too expensive however, after buying our condo in the summer we are lacking the capital to go in on it by ourselves.

Equity Created: $550,000 ARV - $409,000 loan balance = $141,000 in equity.Cash Flow: The property rents for $2,950/month, covering all expenses and generating slight positive cash flow.HELOC Potential: Post-refi, I can secure a HELOC up to $86,000 (90% LTV) to fund future investments.

Most 3BR turnkey homes are closer to $285K and upwards, so with money more expensive, and minimum rent of $1800... possible break even scenario.