Purchase price: $230,000 Cash invested: $20,000 Long-term rental property with high appreciation potential.

They like to get the highest pref possible and equity multiple potential because income is not that high to grow liquid and net worth so they want it working to the max.

@Ryan Williams Nice job, Littleton is a fantastic area for house hacking, just takes the right investor to see the potential, and I know that duplex, and there is plenty of value add for your client.

Potentially get a commercial loan or HELOC against the properties to fund additional deals.Future: I will have all the debt from the prior renovation paid off this year from the rental income.

So, if my actual cleaning rate is $385 and I list it as $300 (and eat the difference), is this a potential tax problem down the road?

I had to be certain this deal is DOA because there is always that one person that see potential in deals most people would pass on. 

It can be seen as a unique amenity that sets your property apart and attracts potential renters.

Joe, I can say that a lot of people avoid the West End/Portland areas, but I believe those people are short-sighted or unable to see the potential in these areas. 

If you have experience investing in this area of the country and can shed some light and insight into taxes, insurance, Airbnb options (easy/hard/impossible), permits, flooding, other potential issues, etc., I'd be most grateful!

The lenders that get a share of your property are potentially the same ones that would put into the Reno costs?