-Some unsophisticated investors use different kinds of materials for different units.

Or a market near hospitals to capture traveling nurses.Or another purchase alternative is another Single Family Home or even Townhouse near a college and you can do a rent by room, depending on local tenants laws.I am personally investing in Garden City for a STR.Those are just my ideas…

Though with the price of labor and materials up....and the time with getting materials (I have a custom size window thats going to take 4-6 months right now, and another 90 day window order we are 120 days into now) taking much longer these days, we think we are going to move our criteria up to $225k gross margin in the suburbs and $275k, maybe $300k in DC.

With no overlays you can have (10) on credit and then another 10 portfolio with alternative lending. 

Another alternative would have been to withhold part of the cash for keys until we successfully recorded the Deed in accordance with our agreement.Just do what you can to avoid surprise liens in your deed in lieu and short sale transactions :)

  * Tenant paid half the cost of materials, I paid half the cost of materials plus installation.  

But isn’t that…“Real estate agents must make a “reasonable effort to ascertain all material information concerning the physical condition of every property for which he or she accepts agency” and disclose this “to their client or principal and when appropriate to any other party to a transaction.” ??? 

Alternatively you could charge them for it, i.e  1050 rent with washer/dryer or 1000 if you bring your own. 

Thanks for the options and alternatives. 

I have not been able to materialize any created wealth for me and I am starting to get anxious about this situation, and somehow excited and relief, since I came across a way to start materializing wealth.Some years (maybe 10 or more) my wife read "Rich Dad, Poor Dad" and she started explaining the idea that Kiyosaki talks about, I got excited and started to do some numbers and just could not find how to do this.