Hi everyone,I'm in the process of purchasing a 5-bed, 3-bath home in Hesperia, CA, and I plan to rent it out by the room.

I did have an inspection before purchase, and to be honest the inspectors never turned on the furnace to check if it was working, and I moved forward anyway.

Purchasing a fully furnished 3-bedroom home minutes from a large hospital and a SUNY University.Whom (at the hospital) would I contact to determine if there is a market for mid term rentals.

I really do not like using a lot of debt to purchase a deal.

.• Hybrid Approaches:Some teams combine purchased lists with public records to cross-reference and validate information, which can improve call success rates.I’ve found that a bit of trial and error is often necessary to identify the right mix for your market and team size.

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

Why do you think purchase contracts are so long and have such small print?

However, achieving success in this space requires more than purchasing property—it takes strategy.

I am curious myself on how purchasing a wedding venue business would turn out.

Purchase price: $80,000 Cash invested: $145,000 Turning a 3/2 into a 4/2 duplex for short term rentals.