With $535000 sale price - exclude the unit for on site manager rents are $3600  PI is $2760 for 20 year+ insurance $200 + taxes $535 ~~   - I used 1.2 taxes for Georgia but there are also city and county taxes in some parts so those need to be added in plus expenses to fix older things.

Will it look like a professional job with a nice 1/4" or so bead, applied sufficiently to fill the crack/seam/joint (but not use an 1" wide 2" deep 'bead' because the carpentry/masonry/trim/backer-rod wasn't done properly and the caulk is used to hide crappy craftsmanship)?  

Some of the proceeds will be added to my own company funds to purchase a 3D printer to build homes a faster pace and cheaper cost than wood framing.   

It just dawned on me that not only do I need to figure in homeowners insurance but I should I be adding in landlord insurance to my expenses?

When did you last sign a real estate contract for the purchase and sale of an investment property to be added to your RE investment portfolio?

If you pull out $125k (70%LTV) and kept the same rate you would be adding $6,600 annually to your expenses, but you’d have a nice amount to use for a down payment on another property.Cash out refi after you move out is going to be more difficult in your first couple years of owning an STR because many banks will want to see a track record of success.

Hi @Tyler Gibson would love to be added to the group so I can make more connections.

Also, it was obvious the buyer’s agent had the inspector nitpick on every little thing (e.g. 3 hairline settlement foundation cracks which from my understanding is common on most homes but he is asking if he can have a company certify the foundation, calling out no insulation in the attic when there is a cover above the door, asking for co2 sensors to be added when there’s not even gas appliances or attached garage, etc.).

Now I essentially have three large payments, (original mortgage on home, heloc loan, and hard money lender) that all seems too risky, and something doesn’t seem to be adding up.Thanks for your reply

As before, the element of control over how persons perform their work is key.So if he is considered a subcontractor , the 1099 amount will be added to his income.