Purchase price: $142,000 Cash invested: $37,000 Sale price: $237,000 This was an off-market property that was brought to me by a contractor who has done quite a bit of work for me.

Purchase price: $190,000 Cash invested: $80,000 Sale price: $405,000 complete rehab

I am in the process on closing on a short sale.

Just got my first contract yesterday :)My background is in online physical products sales and I don't have any online marketing client business.

Currently we are seeing STR owners posting for sale due to reduction in prices they can get per night and the vacancy rate increasing.

Hi all,I've purchased properties subject to, and I understand how it works.I am currently looking at a deal where the sales price is $290K and there is an existing loan for $150K.

Lastly, don't underestimate the power of referrals.

If you have a major insurance claim or a fire or something, and your insurance company finds out you were renting out rooms or the whole house and you never told them, you and I both know that insurance company will do everything in their power not to pay. 11 - Fire Extinguisher.

I don't think taking cash out in refinance raises your cost basis to calculate your taxable gains at sale unless you used the cash-out refi for an addition to the house. 

More concerning to me was that his sales pitch highlighted several 'risks' that his structure was designed to avoid that were not real risks in my situation. 1.