On top of that, our STR management company now oversees more than 90 listings under the Cozy Co-Host banner.My wife and I have transitioned from the typical 9-to-5 grind to achieving financial freedom as business owners and real estate investors.

The definition of a good deal is essentially buying right for what you're trying to achieve.

While the 1% rule might be difficult to achieve, appreciation and a livable flip might make sense for your goals.Greenville SC: This market has seen significant appreciation and demand over the last few years.

For example, with the numbers you mentioned and at 3 months seasoning, you can get 75% of 250k which would allow you to get all of the purchase and renovation costs after the refinance.If you are looking to get the purchase and renovation costs back within 12 months, you would want to look for a lender/broker that can achieve this with short seasoning period.

My motivation is to increase my financial literacy and diversify into real estate.I have rented all my life and seek to become a homeowner/ investor to help my family and make their lives easier.

No one will ever be as motivated to get results out of it than you are!

Hi @Rene Hosman -In a nutshell, I find motivated sellers and tenants with damaged credit (or ones without a large enough down payment) and work to put the tenants in the seller's house with an option to buy.

If i can invest it and make a significant better return after tax than paying it down I would do that but in this instance you will never be able to achieve returns that match credit card debt.

I'm not looking to step on anyone's territory, rather wanting to help people that are in distressed mode because they are losing their home, are whatever the reason is that they are motivated to sell. 

This would be ideal in terms of cash flow (after a few years) and equity appreciation since you'd be achieving tremendous returns on limited equity in the form of appreciation, principal paydown and tax benefits aside from only cash flow.