Quote from @Frank Pyle: My client recently purchased a home with a hard money loan and have successfully rehabbed it for use as an Airbnb rental.

Its this sharp depreciating component which has always prevented such a purchase.  

I utilized those funds to purchase 18 rental units.

Purchase price: $275,000 Cash invested: $45,000 Sale price: $410,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

You cannot close an RE purchase or sale without using an RE attorney.

Hey Todd, that’s a real juggling act you’ve got.. balancing one home in Florida with another new purchase in Oregon.

I will be purchasing it with 11% of equity already in the home. 

My client recently purchased a home with a hard money loan and have successfully rehabbed it for use as an Airbnb rental.

The purchase price will likely be <$500K if that changes anything.- Value add - How much does it cost to build additional storage units?

Purchase price: $275,000 Cash invested: $45,000 Sale price: $400,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.