On our second deal, we brought on another partner, to help with down payment and balance sheet.Thank God, because when we signed our next deal six months later, our partner was instrumental in helping us with the loan.

My search for this property was a little over 9 months of pretty extensive area research with boots on the ground.

Make small purchases and pay off the balance in full each month.8.

You can rent that out as well on months your not there and ultimately refinance down the road to pull cash out and transition into a full time LTR or short term rental VRBO to make more money.

This deal is based off a real tax deed auction property in FL:1912 Sq ft 3/2 SFH in Bay County- ARV: $415,101- Estimated Monthly Rent $2,984- based off 6 comps within a 1 Mi radius.- Adjusted Purchase Price/ Max Bid: $210,840.80- I start with the 1% rule (thus why I start the analysis by looking at rent) and then adjust the price based on the potential pay-out from a cash-out refi and equity position on the property- more on this in a second. - Potential Investor payout (15%): $242,466 - Rehab total: $76,480.00- I just used $40/ sqft for an estimate.

Question for you experts...Can a tradesperson build their own home in Minnesota, live in it for several months, and then sell as new construction?

You're locking in the rate for a longer period of 3-6 months on each CD. 

I will also move my primary residence as the second single family rental property in the next six months.

Meets about 1-2x per month.

I would be -$600 a month if I refi to 7.7%.