On the other hand, if you can avoid these potential pitfalls, there are opportunities out there.I recently purchased an intended buy and hold (90% of what we do) and ended up flipping it (this particular house was about an hour north of Concord in the Claremont / Springfield VT area):Purchased for $55K needing a good amount of capital injection:We did new windows, roof, deck and vinyl rails, cedar clapboard repair and paint, some sill repair, entire new propane-fired forced hot water heating and domestic hot water system (it had electric heat and an old electric water heater), plumbing repairs, full bathroom redo (new tub/shower with custom tile enclosure, new vanity, new toilet), half bath redo (vanity and toilet), new floors throughout (tile and laminate and refinishing of hardwood in living room), all new interior doors and finish carpentry, complete interior paint job, new sinks/faucets/finish plumbing, new appliances, a good amount of electrical upgrades, all new interior and exterior lighting fixtures, driveway redo with blue stone, a drainage-related landscaping improvement, filling in of a swimming pool, and other miscellaneous odds and ends.I estimated to be all-in (purchase, reno, and carrying costs) just under $100K.

Our goal is to find good year round rentals and worry about the restrictions in many of these communities.

So, the gas bill ends up being in our name often for an odd amount of time.

So the odds of a bank qualifying me are most likely laughable especially without having the same job for a few years.

The last line in the chart it produces called Annualized Total Return has an odd way of computing.

Leland Smith Yes, nowadays everything is online, and it will/can be a remote and odd job.

Any time you deal with government agencies and restrictions you put yourself in jeopardy.

We generally get all of the keys back but not always the garage door openers for some odd reason.We swap all locks between tenants and rotate the sets between properties.

I have a large shop but when I finish a flip I treat the leftover items in this way.1 return for refund2 donate what can't be returned 3 if it can't be donated, recycling is the answer. if you do any volume and you try to save odd bits, you will go crazy.

The only odd thing here is that I didn't even get a counter and this particular house has been on the MSL for months and months as well so I highly doubt "a second buyer" put in a offer the same day (coincidentally or not) and they're asking for highest and best.