Schedule flexibility in your main profession is one of the biggest advantages one can have when getting into real estate.

You're the one taking the biggest risk.How much is your borrower putting into the deal?

The problems you are having are pretty well documented as the biggest issues of OOS investment.

And that's strict...that's how you get the biggest return and make it worth while.Is this is the same strategy for BRRRR?

From my research, personally I believe that will be very difficult to attain, on net revenues accounting for PM fees, maint, capex, utilities, etc.

@Dario Furman the biggest question is why you would be interested in this bow wow.

I just finished reading Turner & Dorkin's "How to Invest in Real Estate".My biggest weakness right now is understanding how to evaluate offers that I see online (eg on loop net).

The cost of flat per file compliance gibberish exceeds the revenue on a $50k mortgage.

I am looking to use the property as a short-term AirBnB rental property and see potential revenue streams sometime during this 6 month period.However, the condominum needs a carpet removed, 11x14 (approximate) laminated wood flooring, painting, new countertops, and some finishing work.

My guess is that he is going to want to spread these out over a couple of years so that the down payments both will cover the recapture tax and at the same time not bump him up into a higher tax bracket.The biggest mistake I hear of people selling with owner financing of some kind is not considering or under estimating the recapture taxes.