I own a couple short term rentals in broken bow Oklahoma and am working on acquiring more, and also working on getting into land development (goal of building smaller single family subdivisions).Looking forward to connecting!

Real estate investing, in very simple terms, follows this basic formula:Income - Expenses = ProfitIf you own a single-family home and the rent income covers all the expenses and leaves you with $200 profit each month, that's called your "cash flow" and the property is a good investment.

I got a receipt for payment with lending terms of a recurring monthly payment in my email, again no number to call, or other contact info, no mention of the title or parcel. 

It is currently operating as a long term rental, but the income would at least triple if we were to convert it to a short term rental. 

Now, starting with strategy, long term would be a great fit but I really REALLY want to explore the mid-term rental space and the short-term possibilities.

My current tax preparer does not seem to offer much of a strategy with regards to real estate and long term planning. 

(maybe I should run) Owner has offered to finance the entire amount of 745k with 6.5% rate and 15 year term. 

I’ve heard of people getting rehab loans where you put down %20 of the acquisition price and %20 for the rehab and you get much better terms than an HML.

Make sure you feel comfortable with the lease terms in case someone does need to be evicted and review the policies of Oxford House or anyone else you might rent to.

I knew I wouldn't quite be 'done' in 90 days (especially since my term ended during the holidays) and the Mastery program does provide additional resources so the value is there and I expect to continue for at least 2-3 more months.