I’d just have to figure out how to come up with rehab costs, and learn about seller financing a bit more within a short time frame.

I'll sound like a broken record, but STRs definitely hold a lot of hidden costs and regulations.

Louis offers affordability, cash flow potential, and emerging market opportunities but also presents management challenges, unfamiliar markets, travel costs, local regulations, and crime rates.

There are many more of this type of property in Durham as older homes with basements are still price accessible.To make it a "legal" or permitted duplex, the process is definitely cost and permit intensive, and in most cases may require you to use a GC or similarly licensed tradesman for parts of the project.

With the flip I am very handy, but I would hate to get into something, not knowing how much It’s all going to cost.

I don't think it's necessarily a bad investment even if your costs exceed your income in the year you're starting out.

This involves finding distressed properties, using savings for down payment and renovation costs, and using investors for closing costs.Good luck!

In general it's a passive way to own real estate as the tenant takes care of the headaches and cost of repairs in most situations. 

Investing in Stowaway SS appealed to me due to its stable demand, lower management costs, diverse tenant base, scalability, resilience during economic cycles, and potential for generating passive income.

Investing in this deal appealed to me due to its stable demand, lower management costs, diverse tenant base, scalability, resilience during economic cycles, and potential for generating passive income.