I was doing closings for 19 years in Florida and was a mortgage broker for a good portion of that time.

The beauty of real estate is the low interest leverage, that is, controlling the whole asset while only putting a portion down in cash.

I very much understand the concerns of some neighbors who have had wild bachelor parties next door every weekend but I think that is such a SMALL portion of the total Airbnb visits.

So this ball park cost for a 1,000 Square Yards (1 Square Yard = 9 Square Feet), will be $24,000 only for the asphalt portion itself (asphalt layer, aggregate base course, etc).

So you would normally plan on paying the following:6.2% employee's portion of Social Security plus matching employer's portion = 12.4%1.45% employee's portion of Medicare plus matching employer's portion = 2.9% for a total of 15.3% Self Employment Tax.However, the Social Security limit for 2017 is $127,200, so if you already make that much at your W-2 job, you will not pay that portion of the SE tax and will pay only the 2.9% Medicare portion on your earnings.Plus income tax at whatever your new bracket is that includes the flipping income.If you are close to that limit, but not quite over, then you'll pay the 12.4% of whatever portion is necessary until your total earned income between your W-2 and your flipping income reaches 127,200.

This will also be an amazing opportunity to learn the rehab portion of my future buy-and-holds.I am in the later stages of building a step-by-step guide for myself on the process that I *expect* to take in my rehabbing journey and I am having trouble wrapping my mind around the financing part.

The key to this is establishing how much the land value is, as a portion of your purchase price.  

Our county does show all that, but it is still wrong a significant portion of the time.

On a distressed property a down payment is only a small portion of the cash outlay, the repairs and reserves will probably exceed that amount.  

We were holding a portion of their money to go directly toward the home.