To use this approach though a bank has to be willing to finance it though- which is really tricky.Income approach is take it as a rental income stream and apply a very high cap rate and take that value. 

.💰 Borrowing Bumps: While the Fed doesn't control mortgage rates directly, a high-interest environment means pricier borrowing, including home loans.🔮 Future Outlook: Despite the spike, experts predict a dip to the low-6% range by 2024.

Hi everyone,I’d love to get people’s opinions on my beach condo short term rental.1 bedroom, 1.5 bath. 800 square feet.All the numbers I used are taken directly from the current owners records.I made the str income $4,000.00 a month because the previous owners were grossing about $51K a year.This is not a home run.

You can call me directly at 801-358-1496 or send me an email at [email protected] and I will give you some direction and tips to get you going. ;)  Regards,Todd AshtonTax Deed Investor/Educator 

You can’t directly set an alert for this value in Zillow but you can set an alert for 750-1000 sq ft homes with a max price of $80k.

[Insert bit of personalization about who I am, my family, and build trust, essentially humanizing the note].I understand that selling a property can be a significant decision, and may not be one you are considering, but if you are, I want to assure you that I approach this with respect and am eager to explore the possibility of finding something agreeable for the both of us.Here are a few reasons why seller financing (you not the bank) could be beneficial for you:- Steady Income: Seller financing offers you a reliable source of income, providing monthly payments without the hassle of managing the property directly.- Flexible Terms: We can discuss flexible payments that suit your needs, allowing you to customize the agreement according to your preferences.- Avoiding Hefty Tax Burdens: By spreading out the sale over time, you may mitigate the impact of capital gains taxes, making seller financing a tax-efficient option.- Legacy Planning: If you're concerned about leaving a lump sum to your heirs, seller financing allows you to pass on your wealth gradually, ensuring financial stability for your loved ones.- Minimal Hassle: Seller financing eliminates the need for bank involvement, reducing paperwork and streamlining the sales process.- Assured Sale: Choosing seller financing may attract a broader pool of potential buyers, beyond myself, increasing the likelihood of a successful sale.I believe that by working together, we can find a solution that benefits both of us.

As noted, some things don't have a direct ROI, per se, but are rather maintenance items that need done.  

STRs are significantly different to evaluate compared to LTRs and your cash flow will be directly related to how well you purchase and furnish your property. 

For young people the live in flip and house hacking are the least risky direct investments you can undertake that I am aware of.

Since I only needed to add 2 partition walls (no alteration of the exterior or infrastructure) I was able to apply for the permit as an owner/contractor.