Almost anywhere in Westchester this would sound like a great deal.

All said and done.  50k for the house, 35k in renovations costs, worked out to about 2800sqft of hell valued at roughly 220k.I know... sounds crazy...

@John Adeyi sounds like a good plan, I wish there were more duplexes in the area I am in.

Doesn't sound like you're "seasoned" yet (typically 6 months), which is why the bank won't refi based on a new appraisal.

It almost sounds like this may be something that a CRM (podio, etc) can tie into and automate with one of the direct mail places.  

I'm no expert but @Russell Brazil knows the DMV area very well as it can get tricky for OOS investors not knowing the ebbs and flows of the various neighborhoods.It should also be noted that the big builders are in various stages of developing 3,400 for rent units across the street from and surrounding the Pentagon City mall, these units sit between the mall, Crystal drive, and Jefferson Davis Hwy.

., transfer the LLC shares to a Trust at a later stage to avoid probate), and any other advantage that may come up down the road.Then the other LLC would be with my wife, so we can operate it as a business - tax advantages to using pre-tax dollars to purchase consumables used to operate the AirBnB, and then for her to derive an income at the end of each month.

I've spoken to some people and the numbers they are selling me on sound good.

Sounds like a deal but I bet the place was trashed or next to it..

@Yuzhou Zhang sounds like a nice buy.