Is it worth it?

I'm not looking to create cash flow, replace, or supplement income, so as long as the place isn't hemorrhaging cash, I'll be fine with it.My 'ask' is to connect with folks who own or manage any STR / MTRs in the vicinity in the hopes of just getting more knowledgeable about the local regs, different communities, etc.Thanks!

Well the fact that this loan could not sell on the market for $37,000 has me believing that this property is not worth near $85k and not even at the $40k the seller is asking.

Very difficult to cash flow at all.

Purchase price: $280,000 Cash invested: $75,000 Multifamily building containing 4 separate units each with 2 beds and 2 baths.

In it’s most basic definition Buy - Purchase a propertyRehab - Value-add with renovations and rehab things that need to be fixedRent - Find tenants to pay your mortgage (and maybe some cash flow)Refinance - Once the property’s value appreciates from rehab and reappraises for more than you purchased it for plus renos, you can use that gained equity to do a cash out refi.

Is it even worth it? 

I could save a whole lot of cash mowing my own grass, ironing my shirts, painting the kitchen, organizing my garage, and changing my own oil.

At that point, it's worth researching and finding a solution that better meets your needs.

Purchase price: $119,000 Cash invested: $200,000 This is maybe a new Category: BRRRRSR Buy Renovate, Rent, Refinance, Repeat, Sell, Repeat.