We backed out of that deal because there was a freeze that hit Texas market, and that freeze caused a bunch of plumbing issues.

Scale up, don't just hit the ground running.

Purchase price: $465,000 Cash invested: $80,000 Checkout my Airbnb here: airbnb.com/h/madeirabeachoasisSalt Water Pool & Hot Tub: $60,000Tiki bar with electrical hookup: $3500

Purchase price: $465,000 Cash invested: $80,000 Checkout my Airbnb here: airbnb.com/h/madeirabeachoasisSalt Water Pool & Hot Tub: $60,000Tiki bar with electrical hookup: $3,500Mural: $1600Interior Furnishings: $6,500Exterior Furnishings: $1,500Monthly gross booking revenue: $8,000-$12,000

@Owen Wang I applaud your enthusiasm to hit the ground running! 

Also the hit rate per property is really low.

Quote from @Patrick Albright: You could look at doing a 1031 Exchange to avoid any tax hits this year. there is no tax. 

It just came out this month and will hit every question you have about that in my opinion.

Most turnkey guys are doing great if they're hitting an average rip of $10k-$20k.

As a market the size of India moves, that put's added pressure on other markets being hit with reciprocal tariff's to "play-ball".