It's not going to be easy and it's going to take some time to really get that ball rolling.

This ended up being a HR with ~7 digit appreciation that may roll back some if the STR option truly vanishes.  

If it has a drain next to it, you might be able to roll the dice a little. 

people don't properly account for capex and are basically rolling the dice to see if they get caught during their hold period; NOI looks great but actual return over a longer period of time - not so much.This is especially true of lower cost investments since many items cost the same regardless (e.g.

If you are looking to utilize a 203k loan to roll in repair costs into the loan you are in for a much more difficult loan process (and higher interest rates than a standard FHA 203B).

His high expenses will keep rolling along nicely, but his income will take a high-dive belly flop.My financial planner, and my friends, are all in the same boat.

Cons:All bills paid propertyCurrent Owner has 33 other properties don't understand why he didn't utilize the extra land on this property.Poor Management so financials and rent rolls provided don't properly accurately reflect what each unit collects in rental income monthly.Each Unit leases either Weekly or MonthlyMy Strategy:Renovate all 12 Units upgrade the appliances and aggressively market each unit Rent each Unit for a minimum of 475 per Unit without the all bills paid option to lower my expensesPut a Laundry Facility on the property there is a Barn that was previously used as a storage space that I intend to convert into a laundry facility.I will love to hear from the experienced investors and learn if my strategy makes senses or any suggestions you provide as this is my first big deal I am involved in.

My question is, if I line up a qualified tenant now (or soon):Do I have them sign a lease now (for a lease term obviously beginning Aug 1) or Do we sign a deposit to hold agreement now, then sign the lease Aug 1 when they move in, hand over keys, and provide first and last month rent via certified funds.In either case I plan to take a deposit to hold now that would roll into their security deposit.Obviously the above assumes their application, credit check etc. all checks out.    

I want to understand it better than I do right now, but apparently on top of possibly decentralizing banks, it could play a roll in driverless cars.

Mark this:to sell a manufactured home,an person sdoes not need a license,but needs to have a mobile home dealer's license.When that same manufactured home becomes permanently affixed to the land is it sitting on,it ceases to be personal property and becomes a fixture to the land after going through the process of title elimination.