Kyle Buterbaugh Traditional financing - non owner occupied will likely require 25% down with a balloon (5-10years) So you are looking around 14k as a round number.Seller financing may have compassion and require a lower down payment up front and will likely have a higher interest rate with balloon.

This always follows the latest round of seminar gurus coming to town.

Your equity is not 400k, rounding off, PP 535k call it 545k at least with CC and CC , now reno 150k call it 700k all in at least.

Operating Expenses would be around 4000 - 4200.Cashflowing around $2500 / month all worst case scenario #'sStart up cost = around 20,000 ( furniture = 12,000) (security deposit / first&last = 6800) Round up to 20 just to be safeBreak even = 7/8 monthsIf all goes well would extend the lease and profit the whole next year. 

Hi Rob,Thanks for your comment and 100% agreed.Your comment is "candy to my eyes" lolI replied on Jeff's comment about how folks looking to leverage should replicate what he has done and now I'm happy to say that folks looking to use all cash should replicate your strategy.Finding the right people and building the foundation of your portfolio with cash is a great way to invest.Live frugally and eat S#@% for years while throwing every penny into real estate.Been there and done that.Once the passive income starts pouring inThen you can loosen up and spend more.The first of the month is always round the corner :)Keep the dream alive and much success

I have had several rounds of cleaning done but strong smell isn't going away.

I got the Penny round mosaic tiles for my bathroom walls and I think they look equally or maybe more amazing. 1 suggestion though, don’t get any dark-colored tiles for your bathroom - light colors like white or beige, it will make your bathroom look bigger.

He's my main man ya know I gotta watch out for that young man....he's probably out trying to buy storm damaged rentals.....LOLI am starting to hear nasty sounds in Round Rock.

Year round STR.

For example, the house is worth $100K the bank will only loan up to a certain % of it say 80% (some loan more some less just a round number) or $80K - the current loan you have on the house.