Luckily the market has not shifted to cause a hit on the profit projections.

I want to lease option it to someone else who will end up buying the property. property is not livable as it sits. and I plan on renting it out for a bit my credit sucks and my family doesn't  have that type of money and here are my numbersarv~50k+avg rent $850rehab is 20k insurance- 1500/yeartaxes 560/yeargross profit (not including taxes)-$348/month (when taxes are due its $68/month in profit for that month which I'm fine with)sellers numbersloan balance is 22kpaying him $377/month includes 5% interest

A T12 or profit and loss over the past 12 months and latest rent roll.

@Shawn Ackerman i wanted to hold it long term, or sell it for profit or both like a sandwich lease ?

I want to do this right and be profitable.

@Cole Jacobs House hacking on Oahu is more difficult than the mainland, but can be more profitable in the long run, due to appreciation (both forced and market).

Doesn’t effect my profits. 

Am I required to re invest all 350k back into RE, or just the net profit?

So of course we make a deal I put the 20k we split the profit 50 50 we sold it for 225k.. so great deal for him he was going to lose it.. so he made 110k..

Some markets have year round nightly demand, however in some markets having 3-4 monthly reservations that give the property an 85% annual occupancy could be a lot less work, a lot less wear on the property and at the end of the year could be more profitable if you know how to connect with the right business traveler.