Shortly after closing on the deal, I ran into a costly mold issue in the finished basement that ended up costing me over $20,000.

@Michael GlistThe problem I ran into for the HMLs is that you need at least 30% down.

This will lower your ongoing maintenance cost. 

I’ve experienced great success with an Airbnb rental in Brooklyn I ran for 6 years so my plan is utilizing the STR/vacation appeal of the location for affluent couples or solo travelers looking to be in the middle of south beach.

I ran into this same situation when I started.

This is what the lawyer told me when I asked exactly what the $50 is paying for:“This is what is covered in $49 monthly Family Office.This allows our firm to not only service your products yearly but provides a legal concierge service to you so that we may maintain an ongoing relationship.Business Address: We'll act as your local business address to receive mail from the Texas Secretary of State, etc...

It came in from a newsprint Ad that I ran in a local paper.

Of course considering they are good deals and I ran the numbers and everything checks out but I question how some flippers handled multiple leads coming in when they first started off.

@Ryan Copeland I ran into this situation with my last house hack.

BRRR you invest the time once to fix it up and cash flow ongoing.