Purchase price: $75,000 Cash invested: $40,000 Sale price: $175,000 Property was purchased as a short-sale and extensively rehabed prior to renting.

Purchase price: $75,000 Cash invested: $40,000 Sale price: $175,000 Property was purchased as a short-sale and extensively rehabed prior to renting.

Had an extensive list of options to choose from preparing and pricing a custom list / scope on a per property basis.

You’re biting off quite a large chunk for your first real estate investment.sure, it can be done, and given the right market, location, and purchase price can be done quite profitably.But, there are a number of questions you need to ask yourself….Do you have the expertise to manage such an extensive renovation?

Never had an issue but am told (the house is professionally managed) that maintenance on it is intensive between checking chemicals in the water, maintaining the water levels with heavy use (and water temperature by extension since it takes 24 hours to heat up to normal operating temp after refilling), filters, hair, other cleaning etc etc etc

Very extensive capex budget in the files section by @ Sam Tato. 

Hi everyone,My name is Nate and I am just coming up on my first year as a short term rental owner and have filed an extension on my taxes with the CPA, but I get the feeling that he doesn't know what he's doing with real estate taxes. 

If you have central HVAC system, you typically remove the vent grille in each room, then the interior of the duct can be cleaned all the way back to the main HVAC unit with a series of large "bottle" brushes on extensions, rotated by some type of motor depending on size.

Skills & Professional Highlight Reel: Active InvestorExperience with wholesale Experience with creative financingScore: ID on the DISC assessmentOut of State Investor Network (moving to a STR friendly city)Relentless Curiosity Skilled Problem ProcessorPrior Franchise owner (pre-covid)Extensive Sales Experience & trainingSOLOprenuer since 2012Decorated Athlete including a world championship title, multiple state and regional titles across several sportsAwarded the title of Top 20 Under 40 Business Leaders in my local area in 2018Interviewed and featured on the front page of 3 local magazines while owning my other business.What else can I be working on or highlight when speaking to brokers regarding my experiences?

The cost is typically minimal, but many times the BOD (and community members) can be fixated on their budget, and look past important coverage extensions like an umbrella.