Gives it the rich artsy look with character.

After a while I became very dissatisfied with the knowledge that I'd lead a relatively unexciting life, only living off half my pay, only to be rich once I already have one foot into the grave.This was about the time that I read the Rich Dad, Poor Dad book and it really changed the way I looked at investing.

It has been on the market for about 60 days and properties in that area do not sale to traditional buyers just investors because it is a high rent area.

thx for all the info i plan to start doing the drive bys next weekend for now i am looking on GPSat the different areas that the homes are available I'm thinking massapequa because its not to far out from the city and i see a lot of big boats out there so i basically for now because since I'm not to familiar with real estate on long island I'm looking to see which houses have the biggest boats in the back because I'm thinking the more big boats the more rich people and possibly the demand will be higher when i do decide to flip the house... i guess ill pick my houses first and than look into the municipalities that they are located in because i plan to have a list of 5 or 6 homes that i WOULD BUY but just buy the one that is at the best bid because i don't want to do all the homework and get into a biding war over one house so i plan on having a range of options so i don't overpay or walk away empty handed

I just found it indicative, because for the average person on this site, Cuba is nothing more than chasing a get rich quick scheme.

this would be my first deal and i am not sure if its even worth looking at.listing price is 795,000 (i would offer lower) which is comparable to sfh in the same area.first unit rents at 2400 1b/1bsecond unit rents at 1800 1b/1bthird unit is not permitted and currently rents at 800(this would be my residence in a house hack situation)property tax is 3300 a yearthis is a older house that has been maintained(new roof/siding/kitchens)with little experience i would say this is a b+ a- house in a B B+ neighborhoodproperty is in downtown Napa which gets a lot of tourist activity vacation rentals go for 300 per night averagefinancing is through a partnership passive investor using 200,000 down to get tradition financing title will be in my nameit must be noted this is the first house i have seen with any cash flow. listing prices are high, stock is low and people buy for appreciationthis house is nowhere near the 50% or 2% rules am i crazy for looking at itthanks in advance and let me know if i need to give more infoCasey

BUT, it takes time to get to that level if you don't have rich parents or a trust fund to dip in to.  

You can still borrow in your LLC name, it just won't be a traditional mortgage. 

Yup MUCH harder but still good deals just not as rich!

A large reason for the higher fees over traditional management fees are the taxes that have to be paid when doing short term rental business.