Thus, when a foreclosure sale is held, you can set the bid amount up to the amount of the total debt, which would likely increase from 80K to include the legal fees, receivership costs(we suggest 5 - 10% of the rents collected), repair costs, additional accrued interest, minus rents collected.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I am looking to buy a property in SLC Utah that i would want to try and run as a STR to help offset the cost.

.), inclusive of any renovation costs. 

Partner Driven fully funded the $60,000 purchase price and covered the $109,106 renovation costs.

I think it depends on the area and insurance costs.

I know that if a cost seg, l would need to back that out of my California return.Your answer seems to confirm what I suspected.

If you enjoy hands-on management and rapid income growth, this could be your strategy​​.Considerations: Expect higher maintenance costs, variable income, and stricter local regulations in some areas.3.

It costs roughly $100/mo but is well worth the expense.  

They use leverage in some of their funds, which can increase returns, especially if they have a low cost of capital (but potentially increase risk and trigger UBIT issues).