May negative cashflow until fixed.3) Buy established business: assuming you mean something other than real estate related.

De nada 😎I don't know that market at all (FYI, I don't see this is other Midwest markets where my CFO clients buy properties), but I suspect it's related to perhaps the international investors that agent may work with...they are often cash buyers as it's very difficult to borrow here if you're not a U.S. citizen.

Although I can't speak to the Banner Elk market, I'd be happy to share any insight on just STR investing in general as it related to our experience in Western NC.Good luck!

As explained above, income from the financed portion of the property in an IRA would be taxed as well, but you can deduct related expenses, including depreciation, to minimize this tax liability; that is why I recommend a discussion with a tax expert to understand what your numbers would look like.Hope this helps!  

PenFed no longer does HELOC or related products for NOO LLC properties. 

Or is your concern about cash flow related to your lender?

Thanks Jeremy.I'm going to leave my w-2 job and focus on my health and shaking off the burnout I've been feeling. 

Regarding next steps, I agree that the best way to approach this would be to have one person act as boots on the ground and the other person handle the back office related items.

To remedy that, the carpets should be ripped up and sealant applied to the subfloor, at minimum.There are also tiles in the smaller upstairs bathroom that are lifting up and creating a safety hazard; putting a rug on top is not a sufficient solution.The house is in a condition that materially interferes with the health of household members.

Hi all, I am familiarizing myself with at the Albequerque market and wondering whether any local investors can shed some perspective on overall property values relative to rents in the area.