It was a foreclosure that was leaking through the Dining Room Ceiling.

The add 10% Reserve  to rehab budget or 4000 for grand total of 144,000.

Could I lease out 2 other rooms in my house to help pay the mortgage?

Currently, its doable for me to put 20% down and because its over 4 units , this becomes a real business where there's room to increase value.

It has a bonus room that would be pretty easy to add a wall and door to make a 4th bedroom or office. 

So there maybe some room there for me to eeek out a small paycheck for a wholesale or an outright buy all and hold. 

Hello everyone looking to purchase my first STR I currently live in the Poconos in the Marshalls creek area and I've been in the market for about 4 months and researching STR for about 2 yrs and I pretty much know how it works and Im ready to get on this wave being that this market is 12 yrs old and has room for me but I do see a lite saturated market in the business it self in certain areas but again I'm trying to get a piece of the pie so my 2 targets are Poconos and Florida im a little hesitant with Poconos because having low occupancy rates during the winter months because theres been a drout with snow or else we would probably be in the 60-75% percentile  where we would probably be looking around 200 days out of the yr of rentals which im ok with that now Florida they looking at a higher percentile due to the fact that they pretty much booked all yr round so please any experienced  advise in any of these 2 states from a markets point of view im all ears or eyes to be exact thank you very much 

Purchase price: $40,000 Cash invested: $10,000 6 bedroom home used for college rentals (in my city we can only rent out 4 rooms).

This is fairly a very new property built in 2014 so not much room to add value.

Account ClosedLived in Arroyo Grande for a while when I moved over to the US.