Ozone generator!

Do not quit your job till you are generating enough in RE to make it worth your while .

. $40k repair2. 3% closing cost3. 50% Operating ExpenseThis is a template I use myself, it's not proven useful/accurate. also considering all the assumptions ...

I guess I'm undecided because a primary residence is not going to generate passive income for you so I see no net positive with either option.

The more common mistakes are buying incorrectly, not planning for capital expenses and the cost of money and underestimating operating expenses or having the seller lie on his T-12.

Also, to be fair, they did say they would look at the cap rate based on how they thought they could operate the property not based off current numbers.

This will give you a better understanding of the market you're operating in, and should you find a property you may want to buy, the cost estimates will come to you naturally.

A perfect example would be a search-and-rescue animals because they do not count as service animals EXCEPT when they are actively performing search-and-rescue operations.2.

@Bob Floss II I think I will be able to operate the building at around a 10 cap by the end of year 1.

Ideally they're interested in a small turn key opportunity that would allow them to operate a short term rental business while also utilizing the space personally for vacation - great idea right?!