Every market is completely unique and the prices for materials, labor, permits, etc... will vary somewhat from place to place, so you're probably not going to get a really precise answer on this one, but I'll try to point you in the right direction.The number 1 rule is spend less than what you can sell for, while still having a marketable and desirable property that will generate a profit. 

Eric A, that's precisely why I'm using real estate for passive income on the side! 

@Alvin Sylvain thanks for your response, and that is precisely my question.

You'll have moments like these, and they'll push you to work harder and be more precise than any critically acclaimed self-help book out there.You need to let the hunger absorb you and dive into books, podcasts, and online classes.

Your revenue is 63% form Vrbo, and you are in the same area as us, then that is precisely the data I am looking for.

My name is Jonathan Herdina, I have lived in the suburbs of Portland, Oregon my entire life (Beaverton and Hillsboro to be more precise).

The servicer often services mortgages that have been purchased by an investor in the secondary mortgage market.servicingThe collection of mortgage payments from borrowers and related responsibilities of a loan servicer.settlement statementSee HUD1 Settlement StatementsubdivisionA housing development that is created by dividing a tract of land into individual lots for sale or lease.subordinate financingAny mortgage or other lien that has a priority that is lower than that of the first mortgage.surveyA drawing or map showing the precise legal boundaries of a property, the location of improvements, easements, rights of way, encroachments, and other physical features.sweat equityContribution to the construction or rehabilitation of a property in the form of labor or services rather than cash.tenancy in commonAs opposed to joint tenancy, when there are two or more individuals on title to a piece of property, this type of ownership does not pass ownership to the others in the event of death.third-party originationA process by which a lender uses another party to completely or partially originate, process, underwrite, close, fund, or package the mortgages it plans to deliver to the secondary mortgage market.titleA legal document evidencing a person's right to or ownership of a property.title companyA company that specializes in examining and insuring titles to real estate.title insuranceInsurance that protects the lender (lender's policy) or the buyer (owner's policy) against loss arising from disputes over ownership of a property.title searchA check of the title records to ensure that the seller is the legal owner of the property and that there are no liens or other claims outstanding.transfer of ownershipAny means by which the ownership of a property changes hands.

Your LLC may need to pay brokers, bookkeepers, land operators and lawyers to discover properties, get them, handle lawful issues and keep your records precisely.

If the deed was good yesterday, it is the same deed today--the lender is getting PRECISELY the same title they had yesterday, last week, and last year.  

To be precise, the Pennsylvania sheriff's sale wipes out the lien but doesn't destroy the right to redemption.