Hello all, I just purchased a property that is in very bad condition and will require a full gut job. 

@GravityPropertyManagement Purchase: $310,000Rehab: $350,000Gross Income Annualized: $100,800Appraised Value Post Stabilization: $1,010,00Cash Out 70% LTV: $700,000

What are the positives and negatives to purchasing a property that is doing well with renting as an airbnb currently?

I just purchased my first rental in the area.

I purchased a somewhat run down vacant auto repair facility with all equipment in tack for about $115,000 in 1981.  

The market rent puts all three together at approximately $2900 monthly.Now here are the details and costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP. 

Lately I have gotten more and more familiar with purchasing properties "Subject to," and I like it.

Several PMS's will either include damage insurance or allow you to purchase damage insurance through them. 

Hi, I'm an out of state investor looking to connect with an experienced RE agent to purchase unrestricted infill lots to develop a duplex. 

So, keep in mind what a good tenant expects in your area.For example, if you have an existing GAS furnace and central air conditioning already a simple replacement of the gas furnace gets people what is likely to be an economical heat source while also providing a/c which many rentals don't have.