For purchase price, use this formula,  (Arv * .70%)- Rehab = Purchase Price Good evening Dustin, I went onto the webpage for Arizona association of Realtors and I found the agreement for 2024, however I am not licensed so I do not have access to download the contract.

Purchase price: $265,000 Cash invested: $200,000 1930’s historic home with a converted garage.

It would be unfair for me to give any kind of general satisfaction/unsatisfaction because there is still a lot ahead to be determined.A quick snapshot:-Purchased lot in February 2022.  

My current purchase (closing in February) is a luxury cabin that will be an STR.  

It is about creating a balance between being open to new tenants and protecting your property interests diligently.By fostering a more secure leasing process, you can ensure that your properties remain profitable and that your relationships with genuine tenants are based on trust and reliability.

@Jullion Cooper Congrats on your purchase!

Purchasing real estate is capital intensive.

Most propane suppliers will offer a discount if you purchase your own tanks outright, I save around $1.00 per gallon.

Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.

You've shared so many gems and described a realistic depiction of purchasing an investment property.