I finally got down to analyzing deals, working with a realtor, etc. but I’m having a hard time investing in an STR when I know the returns I get from investing in more product in my business is exponentially more and quicker turnaround.

The final option is just purchasing cash if you can find a property for 450k .

Similar to the allowances in a pro forma, they are simply set asides and only become expenses when the property taxes/insurance are actually paid from them. 2) Capital Expenditures - They certainly feel like expenses, but certain improvements cannot be expensed outright but instead have to be capitalized and expensed/depreciated over time.  3) Depreciation - Finally some good news! 

I haven't made any final decisions yet. 

And finally, the profit gap can be low as these houses are sold for the median home priceWhat you guys can suggest/advise from your own experience?

Property didn’t finalize or close and my funds were to be sent back to me, however closing attorney already wired my funds from escrow to payoff a lien holder who later refused to send the wire back to the attorney.

Hello, I have been listening to the BP podcast and finally jumping onto the forums. 

She had until 5PM, and I was to lock the doors and re-open at 8AM the next day and give her til 10:30 AM to finally lock her out. 

Of course, you can hire a local inspector to confirm work is done before final payment, but that all requires some pretty decent process management.

I connected with Gabriel a couple of years ago, but we never finalized anything.