Scott, a Bigger Pockets member, who breaks down a rehab and his method of capturing the expense.Remember: not all rehabbing needs to be done all at once.

Hi David,That's great you're making the next step to bigger complexes, kudos to you:)Vacation Apartment's?

Purchase price: $70,000 Cash invested: $90,000 This property was the biggest transformation so far in my REI career, and it fought us every step of the way.

with BRRRRR method returns are sometimes difficult to calculate.

Step one is to put a business plan and operating agreement/memorandum of understanding together. 

@Ash Leigh, Although it's not strictly forbidden to purchase property from a related party the IRS is very skittish about it and the charge of shifting basis and step transaction is all too common. 

As I was making it “rent ready” I decided to take it a few steps further and flip this house.

Congtats Lyndon on your first property, that was a big step!!

I can count on one hand the number of people that have rented from me from Airbnb and the other online websites in the last 7 years.My renters find me or I find my renters through other websites and other methods that are more appropriate for my target market. 

I’m just starting out and slowing taking steps to REI.