Here's how they work: they advertise a low initial cost of $499 for a 30-yard dumpster, but in the fine print, it says you'll pay extra for any weight over 3000 pounds.As a first-time home renovator, I assumed the 3000 pounds would be more than enough and ended up paying a lot more than I expected.

It is doable but you have to find the diamond in the rough.However, downtown on the Strip, there are high rises that are outside of Clark county that I have seen do well! 

The challenge with this high a leverage on LTR is meeting the minimum DSCR requirement. 

Look at historic appreciation, aim high, but allow for an appraisal contingency.

If you do end up going the regular rental route and want to self manage, check out evict.com which is one of the premier landlord/tenant attornies in the country.

It's amazing what one high-quality restaurant can do to uplift the rest of the surrounding neighborhood.For what it's worth, anyone investing Minnesota should be aware of The Development Tracker - this publicly available resource shares great development information about proposed, planned, in-progress, and recently completed commercial and residential projects around Minneapolis, St.

Moreover, even if you decide to go the commercial route, given your age and current position, I still highly recommend the investment strategy of house hacking.

Cabin will appraise at a little over a million (1,050,000) and we could sell it for 950k and still be happy on our end. 

-ARV - 500k-Purchase Price - 400k (needs full renovation set 50k) - Down Payment - 20%-1st Hard Money Loan - 250k interest only 3 year term -2nd - Hard Money Loan - 70k interest only (interest accrues to earlier of end of term/sale/refinance) -Rate TBD but assume around 10%Investor would get a discount on ARV and be cash flow positive during the holding period.

Crosby as well (from what I have read).Prices are still quite high so you have to buy right and in the right area in order to stay profitable.