(and some coins too ;)  When the current lease ends in a few months, I'll update the kitchen & bath, refinance and then move on to the next one.I love analyzing deals and playing with numbers so I'm open & intrigued to learn about all the facets of REI. 

I pieced together a deal analysis spreadsheet and did my best to estimate the repair and maintenance items that would likely come into play over time, but I'm writing to find out practically speaking how people manage those funds.

Example if the kids are playing in the backyard you would not be able to see them from inside the house (unless u were in the 3rd bedroom) 3) ARV price, not so concerned with this because people will pay top dollar for a turn key product.

Travis- We have played around with the idea of me living in the home at first (as we are told you need to be a resident for these kinds of loans) and then using airbnb to supplement as much of the mortgage as possible.

I would be very careful commercial in small towns can stay vacant for EVER and a Day.just drive through any small town between Dallas and New mexico.. look down the main street.. nice brick buildings 90% vacant then on the outskirts of town a walmart and the associated fast food joints..the resi might work.. and maybe you change the commerical to cheap storage but put NO value in its cash flow would be my advice unless there is some compelling reason you think those would be leased.. if there was demand they would not be vacant would be my thought

I am playing the cards that are dealt. 

Also, excel gives us IRR, xIRR, MIRR, xMIRR, so convenience definitely plays a role. 

That's a play there, but land is so expensive now that unless you buy it years in advance, your upside potential is going to be limited.You might have some luck with manufactured park development as there's a growing need for that product, yet it's not sexy and so no one focuses on it.

While both used to scare me, I'm confident they can be used well if the cards are played right.Happy to be joining the community, Kia kaha.Tristan

Where a family can let their children play outside, with out fear.