If a 6 to 7 figure income is realistic in a relatively short period of time, and I could really do it with 10 hours of work a week from anywhere with internet, than it would be a great investment.

On the rehab I'd just get a few GC's during the inspection period or prior to offering.

I grew up playing competitive sports and it took me until I started working out to realize that to see results you have to consistently show up for long periods of time.

Short question: Is it possible to refinance a property purchased under 1 LLC, but JV’d with a partnered LLC (not on deed) into a long term mortgage?

I didn't think it would be so out of the question, considering most AIRBNBs require a deposit for something as short as a 3 night stay.  

They will NEVER reduce the amount - period.

My short term goals are to develop a deeper understanding of how to effectively analyze markets as well as networking with realtors, lenders and contractors.

Am I entitled to the security deposit (period or only if I cant get the house rented right after they leave or just let it go?). 

While the $135K note qualifies for section 453 installment sale treatment with the gain spread out during the payment period. 1) Is my understanding of this transaction correct?

Hello - I'm looking to start my short term rental business and am considering buying a property in Ocean City MD.