Purchase price: $150,000 Cash invested: $62,000 MLS Purchase: $150kOffer: $150kDown $30k + $7k closingLight Rehab, decoration, and furnish: $25k (Wife killed it with decorating and furnishing on a budget)Strategy: Short term rentalwww.eisleycabin.comComments: Starting a short term rental in COVID-19 has been a wild ride!!!

@Eamonn McElroyOh wow, that’s wild!

Hey Nick thanks for the follow and great question, the market is pretty wild right now. 

They do not allow renovations to be underway, so no holes in walls, no loose wires, no peeling paint, a good roof must be in place, good windows, etc.Closing costs are often minimal for HELOCs, but terms vary wildly. 

It's a wild ride and you'll have the opportunity to be challenged and grow like never before!

these are Wild times we live in for sure.We are seeing one in four acceptance rates for powerful offers.patience , perseverance and emotional control will be key to riding thru this.We have seen rephrasing of standard language that means the exact same thing work for sellers accepting offers.Not deceptive just creative marketing that worked for sellers psychology.

It may just be my imagination but it seems like REI is suddenly the new “Big Thing” that everyone is getting into, it’s wild.

@Demetrius WardThe estimates that the online portals throw out can be wildly off. 

And then asked them what their opinion of investing in Chicago and Illinois Real Estate....you would get wildly different answers that are completely divorced from the fact that Chicago is above Austin in your statistic.In other words, there is really very very little correlation between your stat and what the outlook is for small residential real estate investing that we discuss here.  

As Julie's said, these can be fairly high sometimes.One last point of mention, we'd rented out a Townhouse in the past, and the main headache that we had was the neighbors in the bordering unit complaining about the slightest sound that came from our tenants (and this wasn't wild parties kind of noise - we're talking kids playing).