It’s also important to consider if the work involved aligns with your lifestyle and goals.

Which level program were you involved in?

You have to purchase at least as much as your net sale and use all of your net cash.If the scenario involved a $450K sale. 

If you have family get them involved...sell FB marketplace and eBay for a year and they can do that from home.   

With your additional $100,000, you’d have a nice cushion to renovate or furnish a property like that.It really comes down to how involved you want to be and your long-term goals.

That's when I realized the importance of staying organized and having a comprehensive checklist.Closing a deal involves juggling a million things.

We normally do not seek judgement due to the expense that is involved, even after you win you have to continue to renew the judgement every year.We put them in collections and have it hit all three credit bureaus.

There are more complicated strategies to maximize larger listings that involve having like multiple listings for same property and do individual room rentals when it is slower and then for larger length stays, larger groups, and more desirable dates you'd book the whole space, but I think its easier to just do two separate. 

Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

Make sure any renovations comply with local regulations and obtain the necessary permits if plumbing changes are involved.