Purchase price: $11,250,000 At the beginning of April, LGV Capital provided financing for the acquisition of this property.

So what you need to look at is what are active flippers paying for properties, and what are they paying to rehab them.

Hey @Derek Morrison - Do you have any local friends that are property managers or investors who might have a good contact for you?

This could potentially drive up the price on the subject property. 

I'm happy to help connect you with professional and helpful agents or property managers from Pensacola to Panama City!

(Probably a better deal for an investor than an owner occupant as my rate would have been 1/2 point higher than owner occupant.) 

--> Then after 5 years of one property, sell it... either to the renter or on the market, --> Then, do TWO more properties, and add another $5K to SWAN account to pay for expenses related to the two properties acquired. 

My wife an i are just closing on a property in Truckee, we intend to move into the property in ~2 years.

In my experience, we work closely a family and manage the property they live in.

One option is I can cash out refi one property that has $400k in equity.