If you need cash for short term money I would look into Fix and Flips to do occasionally.  

It's not uncommon to find properties built prior to 1850, and occasionally even back to the 1700s.  

Hello everyone,As the multifamily values in my market continue their radical ascent I am starting to think more about some of the consequences for real estate agents and their investor clients.I focus primarily on commercial real estate in MN, but still am still involved in the occasional duplex-quad type deal and have been helping friends who are looking to sell their home and owner occupy a duplex somewhere, which was the impetus for this post.  

But again, around here, we have to have an approved site plan/permit and an approved building plan/permit before we can actually start construction (although occasionally we do get permission to start excavation ahead of the building permit).Good luck!

My partner owns a home in San Francisco and occasionally rents that as a vacation rental as well.

In a nut shell...I'm a Texan that went to HS in WI and college in IA and then spent that last 15 years in China (selling rubber, brass and the occasional gov procurement).

I manage them from afar and occasionally do site visits.On the other hand, there are many distressed properties that I have looked at where the PM hasn't seen the owner in years.Good PM is key to CRE success.

Sometimes they call and sometimes not and they occasionally make mistakes.

Everything I buy is with intentions to either wholesale to another investor, or rehab & flip, but occasionally I hold them, as I have 9 today.I buy from anyone who has the best deal...some come from individual home owners FSBO, some from wholesalers, some from realtors, some from banks, some from live auction, some from online auction, some from HUD auction, anywhere there's a great deal, I could care less who is marketing it. 

So I occasionally look for preforeclosed, foreclosed, and for sale properties down the (south) Jersey shores.What are the typical expenses when evaluating vacation properties?