Then, I spoke with several acquisition managers with very limited knowledge on how to evaluate a deal but this time, the company they were working for was sued by multiple homeowners for fraud.

Since you’re looking for insights from experience, I’ll weigh in on your two strategies and then toss in a third idea that might fit your goals, especially given your capital and openness to scale.

But for most properties, it’s a smooth way to add value and potentially start bringing in some rental income.To give you an idea of what’s possible, I ran an analysis on a project in Sycamore Square, Los Angeles.

Check out Furnished Finder, Airbnb and VRBO (30+ day stays) to get a good idea of what else is out there in the area of El Paso you are looking in.

I've been toying with the idea of adding an ISA to my sales business.

I am trying to get an estimated idea of the cost of this project.

I guess the idea is to use the equity from one property to purchase the second property, and so on.

Great idea. 

Two main reasons being: (1) debt does not increase your basis in an S Corp, which means your losses get limited.

I love the idea of a tiny home.