I would strongly recommend spending the money to meet with an attorney for an hour before you put anything in writing to your tenant.Good Luck!

I guess that is why so many people buy lottery tickets, to have a little nicer car to drive to work....I grew up watching my mom carefully invest in stocks that she held for decades and built a nice portfolio with, I could never understand people who would get a bonus and spend it rather then invest it.  

So, if an agent says that, its not something you should be spending your time second guessing.

@Agustin Conti Are you sure you'll be able to sell it and recoup your spend?

If you want to be completely self-sufficient, you're willing to build an Earthbag home or another building that can be earthquake proofed but can still be run without public utilities, you can spend a ton of money on a well and can have that well water processed to remove contaminated mine crap, you have a great off-road vehicle and you can figure out how to deal with the flooding without redirecting that water onto someone else's land then you can definitely live there.If it's an Investment you're after, give that up.

My vacation market we are around $800 per night so the clientele is more family oriented and tend to spend most days in national parks or out adventuring.

@Eva Sha happy to spend an hour with you over zoom and see what type of guidance or direction I can give you. 

Hello BP Community!My name is Jed Butikofer and I am currently located just outside Bakersfield, CA, but move frequently for work. Background: My mother was real estate agent and my dad knew construction so we flipped...

Quote from @V.G Jason: Quote from @Jay Hinrichs: The mindset of cash flow is everything and appreciation is just luck or gambling or whatever these folks say is one of the worst mindsets I see on BP.

And their tax advantages go away when you decide to quit and spend the money.