We put in a wood burning insert and it was pretty expensive.

Purchase price: $11,000 Cash invested: $200,000 Sale price: $352,500 This home was a burn house that we completely remodeled and we added a 1st and 2nd floor addition.

Not saying you have to burn the book, but then I would never buy a book called timing the real estate market.

This just means I can't rebuild as a plex if it burns down, but is grandfathered as 'legal non-conforming' now.   

@Zackarias Aitchison If you don't build an effective Core 4 (deal finder, property manager, contractor and lender) you can find yourself in a sticky situation where you are burning cash, buying deals that don't make sense, or your property is not performing as it could.

I am in the unfortunate position of having my TN short term rental property burned to the ground in a wildfire this week.

I have been studying up on the STR industry for 2 years and I am to the point that I am comfortable making a move but I do not want to be to aggressive and somehow burn myself with that.

Leominster, Lunenberg all have appeal to people and are coming into your house hacking range.You also see a lot of crap out there so easy to get burned. . 3.5 % of 300k is 10.5 so you are essentially there. 

Eventually after burning out and going through staff changes(some I lost due to burn out and others I let go because I didn’t have time to train the ones who didn’t pick up fast enough), I finally set a new rule.

Agents can burn out extremely quickly working 24/7.