That's how we run the metrics for the monthly mortgage payment on the new loan.

Definitely run a title report on the property.

What do their calendars look like, what is their nightly rate and amenities they offer.Look at the pricing of places you are interested in and run some numbers. for get STR in Vegas go mid term rental  those will bring in basically as much if not more than STR with not nearly the hassle and  such..

You run into alot of $$ in that alone - regardless of what you build.Also depending on your business, you may want to check local zoning before buying land.

My credit isn't the greatest being that I was running a business and didn't do too well.

They always sell for less than 3-bed homes, but rent for close to the same.I run meetups in Northern NJ every month, but I have friends who run some down South.

Once you identify potential properties, run the numbers to ensure they’ll cash flow, and don’t be afraid to start small to get your feet wet.

In answer to your original question, you'll need to run specifics on your total taxable gain and the character of the gain, 1250 recapture or capital gains.

Expenses that don’t go up as fast take less of a bite as the ARV increases, leaving more room to (slightly) increase the purchase price plus rehab limit to 75% of ARV.We use this rule of thumb for screening, but always create a spreadsheet to estimate all expenses and run a P&L in detail for comparison.

The mom and pop investors well we know they tend to run with social media and how some looks as we have seen with some of the SM stars that have their projects in trouble. to me this is just going to go to judgement then Chapter 7 .