. $360k equity (based on your estimated loan balance and estimated transaction costs if you sold, this is not calculating capital gains taxes but that would reduce your equity down to about $310k if you sold without doing a 1031 exchange). $8k cash flow (this will increase over time because you are in an appreciation market). $6k principal pay down (based on your current loan). $20k appreciation (based on 3% which is conservative, 4-5% is the historical average).

View report*This link comes directly from our calculators, based on information input by the member who posted.

Willing to go the extra mile here based on the numbers.Thanks!!

Will - I work with CSSI, the premier company providing engineering based cost segregation studies in the U.S. 

First off, let me start by saying I logically understand a winers attitude is not based in victim mentality.  

You can look at successful STR's in your area and make a list based on photos.  

Thanks for touching base and let me know if there's room for collaboration on any of your projects or just willing to share lessons you've picked up along the way.

Are you both friends and have unique skill sets and are breaking up the duties of investing based on those skills?

Also looking to build a solid Long Island based team (Agent, contractor, lender).

I'm a contractor based in Maryland and DC, so the renovation aspect is well within my expertise, having done numerous projects for other developers and general contractors.However, I'm facing a challenge when it comes to choosing the interior design elements, such as bathroom tiles, colors, sizes, fixtures, etc.