If you purchase a property in this fashion you will still need to count on the 2 year waiting even if they weren't "homestead" properties. 

Jay,I looked at a docked yacht that a client was going to be renting out in a similar fashion. 

It's like learning to ride a bike at first it is hard to get it going but after a while it gets really easy.

I used to judge people who ruined the historical details on their house, assuming that it was always because of fashion....but now I know better!  

I also had to convince my wife to come along for the ride each time.

Would the roof,foundation, windows, siding, soffit, drywall, cabinets, trim, electrical, plumbing, hvac, flooring and etc not have to be done in a more typical fashion?

Mining is a niche within a volatile industry that has been a roller coaster ride over the past few years and also has some big variables that are uncontrollable: global regulation, hardware costs, technological advances in mining equipment and techniques, energy prices, and of course the price of bitcoin to name a few big ones. 

Long term is your plan to exit as you approach the 6.5MM mark to realize the $260,000 in equity stake you’ll have or to ride the wave and keep the $13,000 in cash flow?

Inevitably, popular posts will start to have several conversations going on in one linear fashion.

If they know they can control the situation/ignore you and get away with it you will be in for a ride.