I often see investors obsess over tax advantages and tax strategies and lose sight of why they are making the underlying investment or whether the operational decisions are sound.

You also will not be able to see the house and no one should buy sight unseen without a history of doing it.If you are talking about Auction dot com or Xome or Hubzu, those come with a buyer's premium on top of the sale price between 5-10% and often have ghost bidders in the system so you will see it keep getting reset to hit a higher bottom.As a new(er) investor, auctions are where you go to lose money and take on excessive risk.

Hello everyone,I’m in the process of replacing the backyard fence at one of my properties in Memphis, TN, and I’m considering upgrading from the current dog ear style to a more modern horizontal cedar wood fence.

I bought it sight unseen as I viewed it as a small development project, did my due diligence up front and didn’t really care about the state of the house.There were 5 offers on the property to which I ended up knowing a few of the other bidders.

#2 - Larger 5-bedroom renovation into a sweet rental home Before Pictures (Zillow Link)After Pictures (Airbnb Link)These investors took something that was very boring and extremely residential-looking and transformed it into a cozy retreat for travelers with highlights being adding wood paneling, kitchen renovation, new furniture throughout, beautiful outdoor space with added hot tub and fire pit spaces for guests to hangout and an exciting game room space to occupy guests for hours. 

Orlando is not like the rest of the country where you can have a cabin in the woods or a treehouse and be unique..we are built for 75 Million visitors a year and they all need accommodations.Most of the more successful units are larger and have fantastic themed rooms/garages etc.

Henry David Thoreau, one of my favorite authors, went to the woods to live, in his word, deliberately.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Central City. 10 acres residential Wooded What made you interested in investing in this type of deal?

Maybe you refinish the existing wood floors in the bedrooms rather than install new flooring.

It is near a lake and in a wooded area.