I'd jump on that deal, even without optimal financing terms.  

Borrowing from qualified accounts is not the most optimal way to get started in real estate. 

But it’s a balance between trying to optimize profit, feeling fairly compensated, and making the home owners feel comfortable with what they’re spending.

Lastly try making a website then optimize it with SEO and ads.

For a particular property, most of the repairs are done within of month of me purchasing them.But it would seem optimal to always buy more fixer-uppers every year so the renovation expenses reduce taxes???

Now that I have just a little bit of experience, I quickly realize that value add and short term rentals are much more lucrative ways to invest, but they do require more work.In general the turnkey property has to generate money for multiple different people throughout the process that by the time it reaches you or I (the end buyer) we are paying close to retail which produces sub optimal returns.

Most optimal situation I imagine would be that the cousins moving in pass the background check and can stay the allotted time.

Once I figure out my optimal solution I plan to do a write-up to share with other investors struggling with accounting (Especially keeping track of paper receipts).With all that said, I want to know how YOU account for expenses during a flip.

Favorite Podcast: "The Short Term Show"Favorite Books: "Short Term Rental, Long Term Wealth" and "Optimize your BNB"This ForumFacebook Groups

My optimism could be higher than others