Based recent STR projections, we expect about $40,000 in annual revenue for a 5-bedroom, 3.5-bath house near Rivermount Blvd, which would only net us a couple of hundred dollars in monthly cash flow.

Some deals just "work" from day 1 and everything falls into place.Others don't work out no matter what you do.I've done hundreds of them in my local market and would only sell if it was one of those doozy type deals.Funny thing is, a property I own next door might be fine.But for whatever reason the cursed property just isn't lol.If you are wanting to use the equity, then use it to "Gung Ho" and full time.Meaning, don't buy turnkey and use the capital to buy, fix and flip instead.Money makes money and being very hands on and active, you can get to where you want to be quicker.Just my opinion.Thanks 

I know people who currently have that, it started a generation ago and probably ends next generation, it's hard to maintain this more than a couple generations because the politics, religion and underlying values can't hold across hundreds of extended family members.The same goes for business/way of life.

If you read these forums for a while there are hundreds of posts on here of out of state investors attesting to this phenomenon and that was even the case when rates were at 3%.

Second, I have experience with hundreds of pet owners and it is very rare (in my market) for pets to cause more damage than the deposit will cover. 

Their form of lead generation is to throw hundreds of thousands of dollars into marketing and see what sticks.

Paint cabinets instead of replacing (dependent on the area, see this work in many markets, instead of paying 2x-2.5x the cost)3.

Unless you're direct to a seller, you'll often find yourself with tight margins which equates to losing in the end.Here in Texas, I’ve gone through hundreds of deals this year and maybe half a dozen deals were worth the investment.

Regardless, the tax law is hundreds of pages and only 5% tells us to pay taxes, the other 95% tells us how to not pay taxes.

Play Opossum ".... help, I'm some corporate slave just feeling life slipping away in my 9-5 but I do make hundreds of thousands of dollars per year I just have nothing to do with, WHAT SHOULD I DO".....