You can obviously put a tiny house on any property but the rule for new development is 20-25% of the final sale cost in land.

Purchase price: $135,000 Cash invested: $15,000 Found a great starter home for sale that needed light cosmetic work.

I don't know about your area but around here the rental availability is like houses for sale.

@Barrington SmithI use this equationto back into my maximum allowable offer (MAO)ARV - Rehab Costs -Holding Costs - Purchase & Sale Costs - Desired Profit as a percentage ofARV = MAO

if it is a divorce and you are buying her out you want a low number and if it is for a sale you want a high number"............No kidding!

These do not qualify for 1031 treatment because a 1031 is a sale of investment real estate followed by a purchase of investment real estate.  

Most areas are seller-friendly now so even if you can't make it assumable, what's the issue with a traditional sale?

Most counties list their properties online, but a search for properties in Franklin, TN has proven a bit difficult. 

You will sign the OA, but I wouldn't expect LPs to sign any of the purchase and sale documents.

I don't put much merit in the vest because people can purchase these online and put them on any dog.Since this will be for my STR I'll never see the tenants and their animals before they've accessed the property though.