Same story in Hawaii or any other location where land is scarce.

I'm hearing mixed stories whether this type of real estate investment is considered a passive rental or a hospitality business.

A solid PM is worth their weight in gold, and myself, owning investments remotely for 17+ years, I have some real horror stories to share.

Along with rent collection issues and of course the 5 to 10k cash back was to be used for reserves.. but 90% of the buyers never thought about reserves and the next thing you know they bought a new Jet ski or car or took a trip.. so that left a lot of very week landlords going into the GFC and well you know the rest of the story foreclosures by the thousands in Detroit investors failing.. double whammy  underwater on mortgage inadequate reserves.

So here's the story...

(our projects have all been internal)10: These models can be goosed or modified or enhanced by qualified opportunity zone funds (deferring capital tax until 2026/7. 11: We are only doing 3 story- easy to build, woody walkups- Nice apartments- (Quartz, stainless, nice kitchen bathroom)- These are so easy to build vs the luxury, podium, 5/2 style.  

Would be glad to swap stories with you.

@Bryan NothHave you read any stories that mention expected timelines for the project?

Long story but I owe $460k on my current house hack which is appraised at $700k.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $310,000

Cash invested: $96,000

Sale price: $511,500

Fix and flip, walking distance from Multnomah Village. LVT...