It was because of them I knew about Bigger Pockets and now I am writing this post.I am excited about this new adventure; I am sure this is something I can enjoy and develop some skills to materialize my wealth creation potential for me and my family.

If there are any of you out there, I would be happy to take you out to coffee and learn the trade!

If the contract states as-is, then attempting to re-trade after inspection is generally considered in bad faith because you entered into an as-is agreement.

If you want to do a short term rental you are starting an active business and if done correctly you will make much more money but depending on your skill and the systems you create and master the work to extra income may be less than a different job or business and you need to look at work seasonality and risk not just one aspect.

Are you suggesting I look at trading into something that’s likely to be more stable vacancy wise (SFH)?

Owner works on all jobs and is educated and been in the trades 20 plus years.

If you can, trade up to a better area, but keep in mind, the market you sell in is also the market you have to buy in: competitive!

Your best to buy your first deal off a website like paperstac or from a servicer with a trade desk.

Typically a $100M+ fund will sell to a $20M-$50M fund who then will sell to individual investors or $1-5M funds.As I noted in a recent posts - starting out your better starting with servicing trade desks or websites like paperstac etc that sell loans.

You may save some money if you were to do it yourself but you're trading your time and the risk of the unknown.