There are SOME houses being flipped, but the city is in no way looking to make any major improvements to the area.

ReturnsCOCROI upto 55% after moving outCost to live there (after vacancy and maintenance) $341 a monthUse your FHA, you'll want some cash in your back pocket to buy stuff you'll need to improve and maintain the property.

As we get more reviews and eventually get bumped to super host status we expect those numbers to improve a little, too.

Contractor said it wasn't 'old mold', it was 'new mold' and he felt like it was mainly because house had not been lived in recently and could be fixed with bleach, ventilation and circulation.

Would like to put into LLC for improved tax benefit and protection.

I am open to properties that need some TLC / minor improvements, but not interested in anything substantial/structural/foundation, etc.

So if you are unable to finish the build, or if it doesn't sell he gets to keep the land and whatever improvements you added to it.

Installing horizontal improvements creates value with finished lots.

For example, if lite rehab is needed estimate X per square foot (i.e. maybe paint, carpet, small touch ups and improvements).  

What would you do next time to improve your business model?