This house is completely unlivable currently and needs about 200,000 in renovations. 11,000sqOption one for house two- Divide the house into the following units -Two one bed one bath (projected income 1500 per month each)-my husband's company has stated they will rent the units out to the people they fly in each weekOne three bed two bath unit (projected long term rent 1300, short term corporate rental 2100 per month)One four-bed three bath unit (projected long term rent 1500, short term corporate rental 2500 per month)One two bed two bath section (projected long term rent 1100, short term corporate rental 1900 per month)Two bed two bath my husband and would live ineLearning center/conference center and office space - 200 dollars a day with several people already offering contractsTotal projected (conservative) income 10,200-13,800 per monthOption Two for House TwoSame as above but change the area we were looking at living into another rental and add two more conference centersTotal projected (conservative) income 13,200-17,700 per monthBased on the other larger houses around the area it would have an ARV of about 1,100,000 for the large house and 230,000 for the small house.US-This will be our first flip and our first home purchase.

@Ryan Hoover I completely agree!

Obviously this won’t fly with traditional financing unless it passes.

I am going under contract for one of the SFH in Ferguson area and flying to St Louis to visit this property next week (Aug 17-18, 2021).

🏚🏘🏠💎🔥For me personally a young upcoming investor I’m thinking about booking a ticket over to fly to the event!

I can ballpark the number in a walk through, and then adjust on the fly.  

When we had property in FL I became very jealous of it. 

If you over analyze, worry about everything, nit pick, complain, poorly plan, fly off the handle, etc. all of that potentially will surface in your investing and you need to know how to manage those behaviors to your advantage and not disadvantage.Does fate shine or dump on you?

Since I have family there who can help oversee projects and provide a place for me to stay when I fly out it seems doable.

I'm hoping based on the opinion of an associate (former CFO of The Health Care REIT and current financial manager for a family office in Manhattan), that Biden's elimination of step up in basis and 1031 won't fly as the entire global Re business pretty much "survives" based on these two allowances.