Purchase price: $93,750 Cash invested: $70,312 Purchased 2-1/2 acres of raw land with the hope of one day building a home on it.

I’m trying to utilize 1% rule and it’s tough with current market 

Ensure the numbers align with your goals, factoring in cash flow, exit strategies, and risk mitigation.

It depends on the market, but more densely populated areas like New York City will have more sales in a closer radius than a suburban market.Starting with 6 months back and 1 mile out is a good start.

All these years later I still don't bother with an LLC. 

We totally get away with the smallest machines because our STRs are designed for a maximum of 2 people.

For your existing primary, you will need to have it leased with the security deposit and first month's rent collected.

Hey @Andrea Congrats on starting this journey with your dad—exciting stuff!

Assuming a similar scope of work for a 1000 SqFt house would you say say $25 a SqFt would still hold (maybe $25-40 with a regular handyman or crew). 

On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?