Investment Info:

Other buy & hold investment.

Purchase price: $1,100,000

Cash invested: $50,000

Short term rental in Bastrop TX

What made you interested in investing in this type of deal...

Deal makers-  development potential, vehicles per day, road ingress egress off highway, signage potential, multiple road accesses, value add potential- housing- trees, boulders, ponds, walkout, views, right side of town, power-line right of ways, etc6.  

For example, I have two STR high-income earners (making 140k & 150k) in Joshua Tree for sale with low expenses, where the sellers will stay on to manage it.Making sure you are keeping as much as possible from the tax man is a huge component and to do so you usually have to invest it.

IE stream buffers slopes  leave tree's replant regulations etc etc..

You can't even drive by and look at a tree before you decide if it needs to be trimmed up or cut down.2.)

There is a big tree there, limiting the width of the alley to about 8ish inches.

Fix gutters, extend  gutters at least 10 ft haul in dirt around foundation if needed the best soil for a foundation is a heavy clay type  , cut back trees if needed .

Strictly cash flow is missing the forest for the trees. 

So instead of a really cool development with a ton of mature tree's left I lost 80k and could not close..

Sewer issues in Chicago are very common which is why I ALWAYS recommend / almost require my clients to get them done + if there's trees in front or in the back of a property, there will almost always be plumbing issues + needed rodding.