Sounds like this was a mistake turned into learning experience, then turned into small profit rather than loss.SInce I am a numbers guy, your purchase price of $110k and rehab of $26.5k puts you all-in at $136.5k which is a whopping 87% of sold price.Granted this was intended for a hold, but had it been a flip all along, and even with a quick in and out of 3 months, this would not be even close to a deal worth doing as your returns are well under what you could get passively withouyt any work or any risk.Point being to any rookies, always look at the numbers before pulling the trigger.

A big benefit of a land trust is that it allows you to transfer ownership of your property into the trust without triggering the dreaded "due on sale clause" that most lenders have.

I have confidence running numbers to analyze deals and understanding the various trigger points and risk areas.

lol, you are correct though, the tape falls off leaving dried residue that doesnt come off.

It was a long dry spell for me - prayerfully you'll have faster lease ups.Anyway, that terrible time inspired me to search for a way to pay the bills WITHOUT tenants.

I guess when the acting gigs dry up, it beats cutting baloney at the local supermarket deli!

Check with your local kitchen/granite spots before you pull the trigger though.

It will require some drying time and sanding and painting.

What if in 2019 or 2020 you keep waiting and waiting and then never make a purchase...My suggestion would be to continue to stay on the lookout for a MFH in your area and pull the trigger when you find a good deal.

Not sure I like the hard inquiry on my credit score but I assume the liquidity for the signature loans could be a home run for being able to pull the trigger much quicker and not lose a deal over a waiting period.