Are you looking for Passive Income from a rental or short term equity from a fixer upper?

Shortly after, tenant calls me upset I didn't give notice.

I have a couple of questions about a short sale.

and need either a 2 unit (or more) property or a small property great for short term rental such as air b&b rentals at the beach.  

It is good to note that there are many private flood options out there and it is a good idea to shop them all to make sure you are getting the best coverage and premium.

I know you have to live in each for at least a year but I should have enough saved to where I can shortly make a down payment on another property regardless of needing to stay in the first home. 

If there is an issue with the range shortly after the purchase, I would like to be able to  be able to get help from a reputable company to get the issue resolved. 

I'm really excited to be writing my first post to the website that has taught me so much in such a short amount of time!

I am in town for a short time only and am hoping to meet some friendly BP family members.

CapEx is included, but is considerably lower because it's a very new, excellent condition property (I considered things such as paint, appliances, flooring that would be needed while we still own the property).Purchase Price $350,000Purchase Closing Costs $1,300Total Project Cost $351,300ARV $350,000Down Payment $12,250Loan Amount $337,750Amortized for 30 yearsLoan Interest Rate 4.6%Monthly P&I $1,731.46Total Cash Needed $13,550.002% Rule 0.85%Initial Equity $12,250Monthly Income ($1500 per unit) $3,000 Monthly Expenses (Including CapEx) $2,607 Monthly Cashflow $392 Pro Forma Cap 7.28% Total Cash Needed $13,550.00Cash on Cash ROI 34.73% Purchase Cap Rate 7.28%Est Vacancy $150PMI $200Est CapEx $63Insurance $80P&I $1,731.46My only major concern is that I'm not meeting the 2% rule (and just short of 1%, even), but this is probably the closest property I've seen, and has a significant cash on cash ROI.