Hello all, I just purchased a property that is in very bad condition and will require a full gut job. 

One big benefit for you though is that there's a good chance those lots have appreciated since purchasing in 2020, and there's a chance you may be able to sell and completely recoup your costs and permitting fees, pending specifics.

@GravityPropertyManagement Purchase: $310,000Rehab: $350,000Gross Income Annualized: $100,800Appraised Value Post Stabilization: $1,010,00Cash Out 70% LTV: $700,000

I just purchased my first rental in the area.

What are the positives and negatives to purchasing a property that is doing well with renting as an airbnb currently?

I purchased a somewhat run down vacant auto repair facility with all equipment in tack for about $115,000 in 1981.  

The market rent puts all three together at approximately $2900 monthly.Now here are the details and costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP. 

Lately I have gotten more and more familiar with purchasing properties "Subject to," and I like it.

Hi, I'm an out of state investor looking to connect with an experienced RE agent to purchase unrestricted infill lots to develop a duplex. 

Several PMS's will either include damage insurance or allow you to purchase damage insurance through them.