If you get a loan where renovations are included, your down payment will be a percentage of the project costs (purchase price + renovations + other closing costs).

@Sammy WeinsteinThe custodian may be required to withhold some percentage in federal withholding when they make the distribution to you.Ultimately, you will be required to pay the amount when you file your return or extension.However, you should consult with your accountant if you need to make estimated tax payment in the quarter that you take the distribution.

Also, if you hesitate to call sellers, please don't waste your leads, let someone do the job for you and you just collect a percentage of the profits - what you really need is a marketing department who can take care of this for you :)Let me know if I can help further? 

I am motivated to lend you the maximum my underwriters will stand since I personally get a microscopic percentage of what I lend you.If there is extra equity for you to take out from the property under the above caps then sure, you can use it for the extra expenses like carrying costs.

Pay cash and wait 6 months before doing another, and you'll be missing out on a lot of properties, and your percentage returns will be terrible.

The Asheville CVB and TDA has all the data on this, it's available if you contact them.One interesting trend I remember from 2017 is of the 1.9 billion or so tourism $$ generated in the area that year, the percentage of the pie spent on lodging was decreasing, year to year.

Do they just write you a check for a percentage of what the appraisal was?

The JV idea is not a bad idea but a more fair way to divide up the proceeds, instead of percentages on the gross selling price would be something like....Seller gets the $80 kYou get Reno costs reimbursedSplit the Profit/remainder, say 50/50.

Proper insurance helps, and all Florida policies have a hurricane deductible which is a percentage of the replacement value of the home, if I recall.

If you have several properties, a very small percentage will “trash” a property.