Is there enough profit there to make it make sense? 

You can also write off travel to and from the property and more.

Is it possible to fix a soft spot without having to re-do the whole room?

Hopefully, my insurance will pay to replace the roof for House A, but I am debating whether to replace or repair the roof for House B.

If there is little to no equity, the borrower may not be able to sell the property on the open market because it would require cash at closing. 3.

Your lender just needs to wire adequate funds to close.

Happy to have a further conversation if I can be of any help to you in your plans and options.  

Always one of my recommendations to clients. 

Purchase price: $8,000 Cash invested: $2,000 I purchased 2.5 acres of Raw Land in Joshua Tree, less than ten minute drive from the park and downtown area in 2018.Purchased via seller financing.2k down with monthly installments to pay out rest.Current similar lots are selling for around $65kI plan to hold long term Would eventually love to develop something on the land-either an art park or residence.

I'm a financial planner who works with real estate investors - we have a client who plans to renovate a Clinton Hill (Brooklyn) property that has been in his family for generations into a multifamily rental.