If you can find a distressed owner and if it makes financial sense to take on their burden that can be a very good way to find a deal.Keep in mind that you may need to solve a multitude of different issues to make deals like this.

Ultimately, he is obligated to pay the balance of the lease if he wants out, but this is a legal issue that is not worth fighting in almost every situation.

I learned a lot of about seeking out potential properties and financial analysis.

From that point, some sort of banking engine would need to be involved that was sophisticated enough to handle and understand trivial to highly complicated financial transactions.In any case, it would be fascinating to a small niche of people (myself included) so not too likely to become a commercial success.

For a while now I've had a burning passion to strive for financial freedom, experience is the only thing hindering my performance right now.

This is not a situation I'd risk exposing my child to.

But if the contractor isn't contributing financially and only doing the renovation work I'd think 50/50 would be fair.

What was the condition before, what (if any) rent increases, before and after value, and many more. 35K on a small apartment in most situations is nothing to brag about.

(BTW, I've created a spreadsheet to estimate the rental income required to qualify for specific properties and am happy to share it with anyone interested).After conducting some research and attending open houses, I found very few properties that meet my financial criteria within San Diego.

As a busy mother and devoted wife, you seem to have a lot on your plate in addition to your work as a nurse practitioner and small company owner.If you want to buy your first short-term rental (STR) property, you should set realistic financial goals, specify your investment criteria, and do extensive market research.