Purchase price: $220,000 Cash invested: $8,000Located in downtown Woodstock IL, this 2700 sqft 2-story historic home features craftsman woodwork, built-ins, and hardwood floors, with modern finishes. 5 bed 3 bath property with a huge yard, fire pit, and full unfinished basement partitioned and accessible to both side-by-side units.

Not rocket science.

If your operating cost is high for your LTR, spend some time in the evening to learn how to manage properties on your own and start manage your own properties (trust me, it's not rocket science, professional PMs here will criticize me on this comment).This deal you mentioned does not seem like it's a deal that will get you killed (financially speaking).

Hello all, I'm currently looking to buy land in the Adirondack Mountains in Indian Lake, NY, Hamilton county, and build a modern cabin on it for STR and also for some relaxing weekends for myself.

I've sold a few this year and have a few coming up - not rocket science but definitely a few more hoops and only a few title and escrow companies will work on them.

Others have told me for example stick to all white and gray while others have said to go crazy with colors and make it UNIQUE…  thoughts on modern vs chic? 

It’s just science.

The "science" of underwriting is building a cashflow model in excel.  

Realistically, your new construction will rent for and sell for more than older inventory in the market, given no deferred maintenance and modern amenities.  

Newly renovated with beautiful modern decor, all new LVP flooring, granite countertops, a new refrigerator and dishwasher have been installed.