We're able to crank out mods regardless of weather, have all of our inspections scheduled like clockwork, and control the timing of production with the site work. 

They pressured us not to make loans to investors and, all the banks I worked for, were really tight on their investor lending to the point that they only did it for strong clients that might do a deal on the side.

My insurance paid for all of it (well, all that ended up on MY side of the property). 

I include all of that in my person to person training. 

First I want to thank you for reading, I am new to the investment market and the idea is exciting and terrifying at the same time.A few facts:Purchase Price: 325,000Rental Income Estimate: $5250Property details: This is a 3 door property:1. 1/1(main building)2. 3/2(main building)3. 2/1(separate building)Repair estimates to get all 3 properties up and running: $145,000 - $200,000I do not have a ARV since its very unique there is not anything we can compare to but I am looking to get a third party appraisal.Plan is to do a mortgage for the property with cash down payment.

Luckily for me, my cost of living is extremely low right now so I can save almost all of my commissions.

Hi all, I have an office in a building where it will go on sale once the owner passes.

not at all worth it. 

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

While I do think that extreme climate is something we all will have to contend with, I think the area will always be popular as a vacation destination.Having said this, I am thinking about looking for a STR in the area.