In theory, this becomes an asset as inflation destroys the value of the loan, but in reality you have to balance your leverage with your ability to withstand shocks to the system like recessions, local real estate downturns, eviction moratoriums, etc. 

Also, if you and your wife are one side and he is the other, you need to be clear on who gets a deciding vote on anything.

Afraid of running quick numbers on biggerpockets, buying a property, and not having the proper tracking system on the follow up (everything on the financial side).Thank you for the help, have a great weekend!

The station had a phase II done in 2012 after they removed an old tank and has kept solid maintenance systems and records.

Traditional rent would go for $650 but I estimate I'll pull in about $1,200 (gross) from Airbnb.I'm moving to California in a few months so I'll have to set up systems before I leave (cleaning, check-in, check-out, etc).

I then use those leads to step the mentees thru my systems and process for wholesaling.

Quotes for this property should range between $2500 & $5,000 based on the age of the electrical system and roof.  

The cabin will have a septic and we’ll system.

The best way to make the numbers work is to limit the work to cleaning, paint and carpet and avoid expensive projects like roof, windows, replacing plumbing and electrical systems, driveway etc - as these take huge amounts of capital, but will typically not drive up the ARV by much.

We have a 32 year old boiler for a radiator heat system in the house.