Then deduct all of the costs required to execute your business plan and get a tenant in there.

More extensive remodeling would add a 1bdrm apt and a 2 bedroom apt.Property is in a rural area, about 30min away from large ski resorts and 30min away from two popular destination towns that are turning into the cape for hipsters.Potential for the property @ 30% occupancy is:150*12= 1,800 (per day)(1,800*365)*.3= 197,100Operating expense are probably close to 100k, (high end) for heat, maintenance, cleaning staff.

I use Alexandra  Schrank, with Mountain Star Team of REMAX Executive. 

Having to follow through with executive decisions is much harder due to the deep seeded personal relationships with these people. 

That said, i know Im 2-3 years out from achieving that objective should i execute the right strategy.  

Income $80,000 a year, I am a sales executive 3  years at current companyGross monthly income (optional): $7000 approxMonthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $Credit cards – 20K, about 700 a month.Car – 10,000 (200$ a month)Student Loan = 15k ($300 per month FICO: 700Credit issues:  1 60 day late 3 years AGO CCARDThank you Thank you!!

I didn’t use the banks they tried to connect me with but used them as the facilitator to execute the transaction.

A property manager who can educate you on a market, help you form a strategy, fit right into your due diligence process, and execute on a clear takeover game plan as soon as you hold title.

In my view, the most critical component to success is having a clear vision of where you want to be and, without any hesitation, executing on a plan to get there.

Yes, you can execute a seller financing deal if there is an existing mortgage, just make sure that the seller’s existing mortgage contract does not have a “due on sale clause” making the ~45k balance due upon the property transfer.