Before you buy know where you can get the roof materials in Texas and truck it there as a plan, and pay contractors from out of state.Did you get an insurance quote?

I plan to retire from FSU as a mechanical engineer/machinist in about 6 years and want to research a potential  entrepreneurship in short term vacation rental properties.

Plan is to add two additional units to the bottom floor and remodel the upstairs unit. 

You provide a basic outline of a plan most investors can use to create a 7 or 8 figure net worth.  

The plan is to get the home producingincome and then begin dividing the 20 acres into building lots.

Purchase price: $519,995 Cash invested: $519,995 Sale price: $610,000 My plan was to invest in a new construction 3 bed, 2 bath house and rent it.

Charles,I like the idea of deferring taxes until death :lol: I plan to enjoy the mula while here!

I plan on doing a cash-out refi to get that tax free money back outI'm not doing a 1031 because I'm moving to Georgia after this sale and have a lot of other moving parts to think about.

I don't plan on dominating the niche haha, I want to scale to bigger properties, but I want to gain experience first.

We can go there and have a look anytime before then, and I can send EMD if everything is as I planned.