I install central Air and Heat in beautiful properties, so I'm currently working as an real estate investor part time.

Plus a room in the basement i planned on making into a air bnb.

I am up in the air about renting it or selling it outright and using the funds to buy a few properties, including the ski resort condo with loans.

Biggest expenses that you might not see if you don't know a lot about repairs:1. structural (look for sloping floors on the first floor or anywhere and then confirm in the basement - also exterior vertical cracks.2. electrical (knob and tube is a fire hazard.

Hi just bought house 1 and it does have some active knob and tube wiring, Was going to re-finish the house with new drywall, fresh paint, and floors before renting.

(took a few tries to spell that right)  I have always plowed my profits back into my business, but my business exploding is more like little puffs of air every other year or two hehe. 

I suspect Oahu to be a more difficult market to succeed in due to the sheer number of air bnb and hotels by comparison.

I remember the basement being very wet a moldy and electric needed updated ( we have a lot of knob and tube wiring in Pittsburgh) The 2nd floor unit only has one form of egress so I believe you would need to build a fire escape out back ( can just be wooden deck and steps) I believe there is already a deck) That and the structural issues and there’s a lot of brick that needs re pointed and some fascia work.

For years, spec developer Niami has teased “The One” — a 100,000-square-foot mega-mansion in Bel-Air that he hoped to sell for $500 million.

So attempting to hit 20% IRR on such deals at present, is most likely hot air.