I think I just need to find someone to lend me $400k that my home is worth and I'll pay them back that plus a high amount of interest in 3-6months once I sell it and move to a new place, maybe need to find a LV loan shark :) Just trying to avoid having to sell this place while living in it and having to rent it back.

The prior prop mgr told me the owner lives in Japan.

Hello Jacksonville BP,My name is Mitchell Morgan and I have lived in Jacksonville for one year.

I currently live in New York.

I'm able to live for free in the main house with the STR income from the ADU How did you find this deal and how did you negotiate it?

Totally agree with having at least 250 to 500k to start . and for those that want to make a living out of it.. you need 2 to 3 million.

We plan to live in one unit and rent out the others.

Hire a PM before you find you have a non-paying tenant living in your home for 6 months while you beg him to leave while paying his utilities/repairs and probably a relocation fee  I hope you sell, but good luck either way  

I haven’t went live with the property yet, just doing some TLC and addressing Items that need to be replaced/ upgraded 

Talk to enough homeowners and you'll soon find someone willing to sell at a wholesale price, especially if the owner lives out of state.Driving for Dollars: The last method is to simply drive around and look for homes in disrepair... things like uncut grass, broken down cars in the driveway, or properties that could really use a fresh coat of paint.