Loss of use.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $33,400

Cash invested: $33,400

Sale price: $107,200

This is my first official flip.

What made you int...

If you go the 203k route, you'd want to get a 203k consultant in there to do a feasibility study on what the property needs, and about what it costs.

Most lose money when the owner lives in it, but the loss is less than rent would cost elsewhere so it makes sense. 

A lot of STR owners are complaining about loss of income, but don't assume that means they are desperate to sell.

IRA ownership of investment property also loses some of the tax breaks available to real estate investors if the property operates at a loss.

What is feasible in that neighborhood?

If we are going to pay all the insurance, taxes and maintenance, we may as well own the building.I realize this may be a little bit of the wrong place to ask this since many of you are property owners but I'm wondering your opinions about NNN leases and whether they will remain feasible in markets like the one I'm in.

That landlords can absorb the loss... 

Properties are much more affordable when you're about an hour outside the city, and with all the public transportation like the LIRR and MTA, its feasible to do the commute if you work in the city like I do.