Imagine me, with a luxurious beard, minding my own business try to sleep.

RENOVATIONSThis is tied to the quality of the tenants you're trying to bring in but keep in mind that the more you renovate towards luxury you're hurting your profits, adding maintenance costs, and relying on tenants to maintain the value (which they won't).

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $205,000

Cash invested: $25,000

Sale price: $460,000

I purchased this property as a foreclosure. I did extensiv...

If the damage is severe and requires temporary relocation, the last thing you want to have to deal with is negotiating lodging accommodations on your behalf.

Experience a luxurious lifestyle with an array of enticing amenities, including central air and heat, stunning hardwood floors, sleek stainless steel appliances, a fully updated kitchen, and the convenience of a washer dryer.

My wife and I closed on a gorgeous rural property in the East Hudson River Valley area of Upstate NY in May.We are settling in and ready to take on the renovation process.We took months to find a property that would do well as a live and flip or a buy and hold property that could be used as a luxury STR OR MTR.The home sits on 26 acres and has gorgeous country views (pond and creek on the property as well).

While I’d like to do more about $300, we approach luxury at $500k and so I am very comfortable with the lower price points.

I plan to manage most of it myself initially.Here is a little overview of the property we are about to purchase.We just got an accepted offer on a short-term rental that is an extremely unique and luxurious property just outside Minneapolis St Paul area.

It is one bed, one bath, "luxury", around 600sq ft.

This includes 20% Airbnb fees, lodging and property taxes.