The real kick in the pants is that EVEN IF the doomsday scenario occurred, since the price point is so low the property would still cash flow as a SFR - but the underwriters don't want to hear that. 

I'm working on a live and flip right now and besides living in dust and having to take it slow due to cash constraints haven't had any major challenges yet!

Cohosting and learning the basics of property management will go a long way in comparison to trying arbitrage. 

He asked if this was ok prior to doing it and we said yes as long as there was no pooping in our yard.

Some non-HOA neighborhoods can be sketchy/not ideal for short-term rentals.

Hi @John Paulus - Every situation will be different, but I recommend finding a GC that you can truly partner with for the long term. 

I doubt you can get more than $500 - $1,000 extra with a fully furnished home on a long-term lease.

Alex, I could see lower end and rental properties stay flat or even go lower in the short term until rents find some balance.

I am debating on taking a 2nd mortgage out or paying in cash to fix it.

The Small Business Administration (SBA) defines Business Credit:Access to cash and credit is a business’s lifeline.