Hi Javier, the numbers look fine in terms of the purchase price, rehab, and ARV (depending on what kind of work you are doing).

Purchase price: $21,000 Cash invested: $25,000 Sale price: $55,500 Contributors: Peter Vekselman Partner Driven, in collaboration with Tricia Hart, successfully completed a renovation project on Water Street in Delphi, IN.

I did everything else.......the legwork to find the property, I purchased it, I used my crew and subs to do all of the necessary work, I got it on the market and sold it.The split was 50/50, and sometimes slim or even a loss.Think about how this scenario would work for you.

My clients absolutely love it here because they are finding deals that are cash flowing, hit the 1% rule, and have tons of appreciation.

Purchase price: $190,000 Sale price: $250,000 Contributors: Peter Vekselman Partner Driven, in partnership with Seth Choate, purchased a home on E Ingram Street in Stockton, CA, for $190,000 on 09/30/2018.

If it's anything like the Las Vegas market, a "resort casino" specifically could hamper your STR potential purchase pretty substantially.

I am currently looking to purchase duplex or quadplex but it seems like its not a easy thing to do in my area since there arnt many on the market.

Continue exploring various strategies to optimize your purchasing power and minimize upfront costs.Using an FHA or VA loan for MFH acquisition can indeed be advantageous, offering lower down payments and favorable terms.

I have checked with the City to ensure that if I were to purchase property, I would still be allowed to operate as a park and expand. 

All of this of course happens as I am actively pursuing purchasing additional rental properties.Shawn