Quote from @Trevor McCormick: Hi All, looking for some advise or mentoring on purchasing a short term rental property in Kissimmee Florida.1)Is it still a good investment with the current prices?

Are they going to be able to buy your proudly done flip.3) If you misjudge the market, do you know when to dump it.4) Can you put a spreadsheet together on your purchase costs, carrying costs, rehab costs, closing costs, selling costs, tax costs, contractors that don't show and delay your project etc. etc. etc.5) Is the return worth the risk.

I am currently purchasing a home that will work great as a Rent By the Room. 8 bed and 6 baths in the DFW area.

My goal is to purchase my first property between now and mid to late 2025.

Hello,if one sees a property on auction that is considered owner occupant only. Can they bypass this requirement if paying in cash?

Look to other members suggestions and, definitely interview your Realtor choices before going headlong into an agreement.

Purchase price: $540,000 Cash invested: $108,000 Sale price: $540,000 My client bought a condo in Lincoln park.

The Seller has 3 choices; Accept, Reject, or Counter. 

I think a good starting point would be looking at the comps in your area (recently renovated or new construction homes) that sold around your desired sale price and in your desired timeframe and taking inspiration from there design choices. 

AND, your son will be at the mercy of the SELLER and dependent on the SELLER's good choices for the life of the loan.