I always had a misconception that property taxes in Jersey are so high that it will kill all profit, if anyone has experience in Jersey please send me a message, I’d love to chat.

If you want to Airbnb it, maybe you can offer splitting the profits with them, make it worth their wild but you manage it.

No to real estate investment for the timebeing for me at least ( temporary)Because I already invested and I want to see how the market is doing, I want to learn more, networking.I am against real estate gurus who says invest in big amount and leave your job bla bla bpa, first when you invest in big amount and you do have cash the interest rate will be huge and this decrease your profit and yield/ cap , also high yield mean high risk second real estate as any business have good time and bad time so leaving your sustainable job and depends mainly on real estate investment is quite risky method, if one could generate double or triple his income real estate this is something else, I don't think typical person could rich quickly without high risk

You look at the cost of providing the service versus the additional revenue you need to make a profit.

We knew we would make a good chunk of money off selling our first home, therefore we wanted to put that profit towards upgrading some things on our new house (metal roof, hardy siding, etc.)

The BP Podcasts are awesome and I love the Wheelbarrow Profits Podcast too.

That's strictly a cashflow mentality since he seldom assumed appreciation.Colorado is experiencing major appreciation, so you could lower your payback standards since your profits would come from appreciation.Finishing the basement: Assuming $15,000 to get an extra $250/month, that's a payback of 60 months or 5 years.

Don't let naysayers that have no numbers and no information other than news sound bites scare you from pursuing things that make sense from a strictly financial point of view. 

Questions: I'm still considering wholesaling this deal but would rather keep it as a very profitable rental.

And I am going to flip this property for a great profit.