Purchase price: $150,000 Cash invested: $1,500 A month ago my banker (who's is also also an agent) from my home town where I have other properties called me and asked if I wanted to buy this house.

Cash invested: $80,000 Acquired this property Sub-to as a quick flip with minimal repairs required.

There is really no data on this so most of the numbers are just proposed.

It’s great to see your enthusiasm, and you’re in the right place—this community is full of knowledgeable and supportive investors, professionals, and entrepreneurs.

Ask for a "Pre-Underwrite" this is where the bank underwrites the file and give you a "Loan Commitment" instead of a generic "Pre-approval" letter.

Find a local property management company that does the bigger cabins and they'll help you identify the right build choices to help maximize your rents.

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I will help you do it in SD if you decide to do it! 

If you find someone (or multiple agents) who are taking advantage of similar marketing strategies, you can get more inquiries this way.Lastly, I'd recommend an email campaign to all buyer, listing, and rental agents who are active the same area as the rental listing.All the best!

And those also only have a limited ability at best to generate a balance sheet, which you generally want to include on a 1065 return.came here looking for answers to exactly this question, and David is correct re: why.