My career is inherently a career of repeat conversations as I do the same transactions and processes over and over but this one always comes back and I felt like it was a worthwhile post to help clear the air for both lenders and clients alike :) 

Faith in their ability to create an air tight title policy has him geniunely concerned and so we move on. 

I’m active duty Air Force (for less than six months) before retiring after 30 years.

Ex (random numbers pulled out of thin air)$100k purchase $160k ARV$30k reno but $20k at cost$15k holding costsTotal Cost:$145k cost or $135k with contractorWith the contractor at cost, I have an extra $10k of margin where I don't lose money, but obviously not ideal for the contractor since they would make less.I think a good way to price it would be the equity would equal your profit if you did a fee construction at slightly below the projected ARV, and slightly below the projected hold time.

Relax in the air conditioning after a day at the beach.

Bring an air compressor with fittings, hook it up, go around listening for air leaks.

To the best of my knowledge, one of the tenants (married) are employed in the accounting field at a local air force base, which was the only reason I was considering it.

I dont think I will get into the short term rentals or air bnb. 

The property has great amenities including central heat and air, pet friendly, washer/dryer, great backyard + patio, an upgraded kitchen and bathroom, and upscale furnishings. 

I have a 4 unit property that has forced air heat but no a/c.