In my mind, its a wash (the rent you pay or lack of income due to living there).

To finance this with a low down payment, my wife and I would live in the house for a year after construction is complete so that it can be considered a primary residence before it is listed.My estimates on numbers...Initial PurchaseLand purchase - $150,000Home construction - $250,000Down Payment (with 5% one-time close construction loan) - $20,000Closing - $8,000Monthly ExpensesPITI (including PMI) - $3,400Utilities/Supplies/Maintenance - $700*calling cleaning a wash because I charge for itMonthly RevOcc - 70%ADR - $250TotalsAnnual pre-tax profit - $15,000CoC - Around 30%Would love to hear thoughts on potential risks or any recommendations on people to work with!

ATM’s (24% per year) and car washes (7-10% per year plus upside on a sale potential) are offering pretty good monthly cash flow.

Does anybody have a great ceiling paint that can be washed well but isn’t glossy?

Maybe natural disaster, such as a flood and the house was washed away?

Painting needs to be done frequently and pressure washing the sidewalks and railings is common practice.

Maybe its a wash!

Not knowing how the market would be, I was hoping to lock in on this low interest rate with conventional now in case it’s higher in About 2 years when I refi.If you want to avoid the upfront fee from FHA thats easy just structure the loan to have 1.75% credit and the Upfront MIP from FHA to be paid at closing since 1.75% credit - 1.75% UFMIP = a wash.

I'm 24 and I told the very cooperative (single lady) that if she needs help with anything call me and I'll help; for example getting the old jacuzzi out of the home and possible pressure washing...is that ok to do?

I do less laundry, I rarely wash dishes because I never cook to create dishes, My showers last 5 minutes and my son is bathed every 3 days.