Purchased and sold on the same day, it generated a $50,000 profit.

He was ambitious, eager, and ready to make his mark.One Sunday evening, a lead came in.

This is sales and marketing.. no one leads with Nope we have not paid as agreed..

House hacking lets you live in one unit and rent out the others, which can help cover your mortgage and generate some extra income.

I think the HELOC is the way to go if you can - However after reading your post, if you are talking about a 6 figure pay day, how long would the property take to generate that 6 figures in cash flow?

Major issues are lack of parking, lack of elevators, leading to numerous unlived in units.  

The ability to generate more income for simply the cost of a building is another huge cost saving over buying an expensive commercial lot and developing it.

Just curious if anyone has successfully gotten leads from ALE Solutions/other similar temp housing agencies.

Here are a few additional ideas that have worked for me and others in competitive markets like Austin:Off-Market Leads from Contractors: I had a friend who rehabbed a house in North Austin last year.

In the infancy of this new wave of Airbnb, say 5 years ago, there was a lot of money to be had, which draws in a lot of investors, which starts to suppress the revenues and also draws attention from critics, which leads to taxation and regulation.