Great way to learn how to create and close deals - and any budget can work! 

When my wife and I were running multiple Airbnbs in Denver, we allowed pot smoking but not cigarette smoking, and the amount of weed left behind -- since they can't fly back with it -- was enough to create our own dispensary.

You the benefit of creating a new higher value because you rehabbed the property.

@ Actually I created a list from that area on listsource which contains about 1100 properties.

Memphis Invest uses a software called PropertyWare to track all expenses, collect statements, and create a ledger of accounts receivable, paid, outstanding, and overall return on investment.

What I wrote above does not create an attorney/client relationship between us.

We were thinking about creating a LLC and use this townhome to help start our journey. 

Great way to learn how to create and close deals - and any budget can work!

Most conventional wisdom/lessons learned are to the tune of not over leveraging, and any discussion involving >80% LTV seems to create a sense of nervousness (I am making a generalization here).

@Scott Choppin, thank for creating this whole conversation!