We are excited to be a part of your investing journey in the beginning and hopefully for many years as you continue to grow. 

Hope this helps.

Down the road, you can also use the 1031 exchange to defer taxes as you go from property to property, as long as they are like for like.I hope that helps get the ideas flowing....

I can see the OP giving this a shot.. but it is risky he could end up making a few bucks and getting experience might just break even or he could take a loss.. that margin is very thin in markets that are not selling as soon as you get CO  thats been one reason we have been profitable very few homes have been carried past CO so financing cost are at a minimum.. you hold a spec home 6 months past Co and every month your losing money you will not recover.

Hoping to avoid added competition in auction haha. 

Hope all this helps! 

Hope that helps, and good luck with your STR journey!

So I would have 23k stuck in the deal and would be losing close to $700/m before I deduct any expenses.

Hopefully this gives you some direction.

I hope no one is using this to actually purchase property subject to.