Purchase price: $550,000 Cash invested: $145,000 Sale price: $915,000 This was a home run for a long term (5 years) buy & hold investment property (I specialize in this area). - Initial investment of $145K (DP+closing)- It had one tenant for 5 years and 3 months (no turnover), and the tenant paid off the mortgage and expenses in those 5 years.- I spent around $30K to do upgrades before selling.- Sold it for $915K after 5.5 years (received $442K at the closing)- Did 1031 exchange and bought 8 SFH in NE & AL worth of 1.6M (brings $4k/months income now) What made you interested in investing in this type of deal?

It sounds like you want checkbook control, @Katie Accashian  In this case, you need a special-purpose LLC.

I specialize in investment properties as a real estate agent, and I’d love to connect and help out where I can.

Hey Cade ,My name is Cade, and I specialize in optimizing Airbnb listings to attract more guests and increase bookings. 

To be considered an investor (and possibly get long-term capital gains rates), you’d need to hold the property for over a year as a rental or investment, not actively flip it.Check out the IRS guide on rental real estate and capital gains for more details: IRS Rental Property Tax Guide.You might want to talk to a CPA who specializes in real estate to see if there are any strategies that work for your situation.Good luck on your flip!

thanks for whom ever may lead in the right direcMilwaukee's STR space is getting saturated, especially if you have nothing special to offer.

Working in this space has provided me with keen insight into the special dynamics of legacy owners, including the exit paths that are most attractive to them.If you are looking to sell or buy in the Central Ohio market, I’d love to put my skills, knowledge, and experience to work for you.On top of being an agent, I am also an investor, as I believe in not only talking the talk but walking the walk.

There are some things going on you will want to be careful of, Daytona has banned STR in many areas and the Condos...special assessments for certain ages and styles after the Miami incident have made a lot of them unaffordable.

BiggerPockets does have a marketplace where you can list properties, and you may also want to connect with local real estate investors who specialize in house hacks.

This could be a great option for your property as well.I recently met an investor at a networking event who specializes exclusively in pad splits.