Yes when I looked at my pretax overall profit in the flip it was really close to my pretax salary for the same amount of time.

Investing this amount in passive deals might not provide immediate income, and you could end up waiting years to see returns (similar case in most investments.) 

Or should I wait it out a couple of years until I have a larger amount saved up.

Hi @Zhong Zhang I have used vacancy hacks over the years to get personal properties under 1% when turning tenants over. 3% increase depends on renewing or getting new tenants, when renewing tenants that's  a safe amount. 

They will look at the ENTIRE cost of the project and calculate what they can offer you in loan amount.

If you have high W2 income, the amount your STR makes (or loses) will be peanuts compared to the tax savings.

What is the amount of the lawsuit - ie how much they seeking?

Welcome to the community and be ready for a huge amount of information at your finger tips.

It's hard to say offer amount without knowing the rehab part since that could blow this out the water.  

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.