Our approach enabled Carol to focus on executing the project without financial constraints.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

It’s an incredible gift to real estate investors.

My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

@MIchael McCUe   I get it, it feels like an incredible weight that you could easily lift with bankruptcy.

Personally, I'm incredibly ignorant on the subject compared to others, but find it fascinating.

The desire to replace W2 income is a mistake many make when approaching real estate as an investment. 

I believe this tough-on-crime approach will make Albuquerque safer and a better place to do business in the near and long-term future. 

If either of these homes has been your primwry for anywhere approaching a year.

We're exploring creative ways to provide him with the cash needed for the down payment while avoiding triggering a taxable event.One strategy we're considering is purchasing his future primary residence ourselves, making the mortgage payments, and then, once we've built enough equity—comparable to the appraised value of his rental properties—transferring the title to him as a form of exchange.What are your thoughts on this approach?