I have contemplated turning a building on my property into Airbnb, buying properties, buying land, even something like a vending machine business, etc, etc...the latest is buying a camper trailer and putting it on my property for an Airbnb. 

My big picture goal is to do big repositions of older historical buildings into Class A apartments in the stable metros and outfit them with latest and greatest tech for the millennial generation.

.)$38, 385 - Rehab TotalAverage purchase price of recent sales = $135,000  - 38,385  (repair costs)    96,615 - Existing value$75k - 80,000 cash offer within 3 weeks (using hard money @ 60% + ARV)–OR–$100,000 Lease Option (for 1 year)$2500 Option Payment$3550 (1st, last, security, pet deposit - same as rental lease + $25 credit)$1175 months rent ($25 credit towards purchase) x 12 months = 14,100 ($300 more than regular rent)$100,000 (LO purchase price)      2,500 (option payment)         300 (rent credits) $97,200 (to be paid by 3/1/18 at the latest)Exit strategy is to either refinance myself or have my daughter refinance with FHAWhat am I overlooking?

I am not a CPA to know all the latest and greatest tax loopholes.

I had 48K saved up for my latest deal, then the lender wanted 40K for down payment plus 18K to escrow for my contractor!

I closed on my latest acquisition  03-31-2017 after about 3- 4 months of going back and fourth with the seller over pricing and much more. 

Hi Everyone,Just heard the latest BP podcast (213) and the guest was talking about RealtyShares and PeerStreet.

title insurance, abstract and attorney feeSo these three items added up to $1487 on my latest flip purchase.  

This was a 6 week project with my small crew. 35 gallons of paint and copious amounts of painters caulk really make the difference!

Comments always welcome!

https://plus.google.com/photos/106829735115441502690/albu...

Their latest weirdness is reporting this weekend that the window screens that I, personally, re-screened before they moved in 3 years ago, this weekend have suddenly been missing since they moved in 3 years ago, and they are now, for the first time ever, insistent that they reported them 3 years ago, and they have been extremely patient in not complaining about it since then and waiting for me to provide them over the years but now I need to provide them immediately and when can they expect them to be installed.