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This is a combination of the all time worst rent to purchase cost ratio and interest rates that are near the high for this century.   

Apparently, they are owned by the 10x PM company and at this time we are inclined to work with 10x as our PM so it makes sense to consider the "Nailed It" construction company as long as I get some positive feedback here :-) 

Purchase price: $170,000 Cash invested: $40,000 Converted a single family home into a short term rental What made you interested in investing in this type of deal?

You might look into some of the real estate crowdfunding sites that allow you to invest only a few hundred dollars into whatever project you like and build up savings in the meantime so that you can take down one of these deals in the future.

Does this sound reasonable?

I have always been into Notes which is personal property.

this is very common.. 

Have you gotten any progress with this?

It really helps to speak to someone at the agency because they often will give you recommendations on how to do what you want to do legally.