I plan to retire from FSU as a mechanical engineer/machinist in about 6 years and want to research a potential  entrepreneurship in short term vacation rental properties.

Thanks for the feedback Jon.Specs on home:purchase for: 415kclosing costs: 8.3krehab: 16kholding: 3.5ktotal project cost: 442.8kclosing on sell: 11.5krealtor costs: 29kARV: 575k (comps provided in his summary)potential profit: 92kCan you elaborate on your point #2?

I’m assuming it’s just like everything else, won’t learn it (or potentially get any sort of leads) until you do get it.

Has anyone ever worked with investor funding group ?

You should know the contracts and the closing process, construction costs and all the potential money-pit issues to look out for with properties, so that you feel comfortable with your EM going hard without a proper inspection, etc.

Estimate the potential profit from the sale of the property, taking into account the current market value and the cost of prepayment penalties.

It sounds to me like some potentially illegal things are happening here.What is the strategy for getting the inquiries off your personal report?

Real estate can provide a more tangible asset and potential for rental income, but it requires more management and can be less liquid.

My ultimate goal is to potentially refinance down the line to settle everything.Any tips or insights would be greatly appreciated!

$281K settlement.Not only is it important to take care of all potential risk management areas in your start-up, but essential that you are regularly checking your property to identify emerging areas of concern.