Quote from @Kyle Peters: One of the ways to make money in real estate is to buy an asset that has been neglected and then turn it around.

In small college town with high rental demandAsk price 745kGross rent: 9750/mth 177k/yr     (differed maint properties with potential 200/mth per unit increase once renovated) estimated reno (190k across portfolio)NOI: 91,475/yr   (12.6 CAP)    (includes tax, ins, listed maint for past yr)     After reno NOI 127,475/yr   (14.6 CAP) Deal info:    - Owner finance 745k 20yr at 6% 20k down minus deposits (~13k)Cashflow  = 2100mth     (self-managed) (self maint similar to the previous owner)By this alone, 2100 cash flow added per month, it will put me at my financial freedom number of monthly cashflow is equal or greater than my families spending amount.

I’ve heard for AirBnBs the bathrooms don’t matter much and we plan to put money/ focus into the living room, kitchen and outdoor space.

Closing assurance, putting in the best bid, and making hard money deposits are all good strategies.

There's ways to negotiate earn outs, build in soft costs etc. to help recoup the majority of your capital without the need to spend the time or expense on a refinance.

Flipping is a side job and won’t produce steady mailbox money for life while you vacation and nap.

I was able to save more money and add to my profit margin in the end.

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

I renovated my backyard and the contractor took most of the money and has not completed the job.

That's where I save a lot of money on the build.