Purchase price: $27,500 Cash invested: $70,000 Sale price: $150,000 Purchased thinking I'd live there and work on it while doing my regular realtor duties.

And it is true that the regular VA Loan requires the property to be in good condition.

Is it common to regularly treat for termites? 

Income-producing property with the space available to operate a small business at the same time.

If you are unaware of what that is, it is essentially creating a plan where you invest a specific amount of money on a regular basis (month, quarter, whatever) in a stock, index fund, or combination of your choosing. 

AirBnB and other short-term rental laws are going to be different from city to city and the biggest difference is that you'll have to furnish the home unlike having a regular tenant.  

One risk I want to point out with Syndicates / CF is the financial rigor and due diligence.Public companies are audited by the SEC and produce quarterly reports; With direct-RE, you have title and money in the bank to audit.With syndicates / CF, you trust the sponsor to do financial due diligence and to not cheat you.IMO - based on the above pros/cons, it feels the public markets (either stock or REIT) are strictly better than syndicates / CF.

Here it is...the year is 2007We are produce farmers FIL sells farm-we have basically zeroHusband under-educated /only job he ever had (46 yo)I took our lives into my own handsTraveled upstate (NY) Bought a house for cash WITHOUT TELLING HIM (425K)Ummmm-where the F am I getting that moneyWent to local mall with my 3 girls-called him from my flip phone to break the news- he fell silent BTWDrove back home (near NYC)Sold my house for 500k to a mansion owner close by (look up GLENMERE MANSION)Got my RE licenseFound my husband a job-he obvi couldn’t use a computer We are still in that houseWe’ve only lived in 2 houses I now buy houses regularly WITHOUT TELLING MY HUSBAND Because that sh*t is funny.

House hacking is probably the smoothest avenue to get into a property for potentially low money down that produces return income immediately.  

In 2020, you will be hard pressed to find a solid producing Realtor sitting around the office unless they have a specific appointment, etc.