Location plays a big factor into this question. 

." - So we authorize the work.Contractor submits the quote yesterday for $8k and is threatening me about it. 

LOL we ALLLL know who this is referring to... maybe even a BP author... hes kinda like dave... love him or hate him... or a little bit of both.  

However, from the stories I've heard it so far, sounds like it can lead me to the life I want for my future if I play my cards right.

Preference is cash-flow, but open to appreciation/equity plays as well.

Your number two is a bit different than what to expect on a short-term rental play.

A lot of new constructions are more of equity plays than cash flow plays.

From there, you could do a cost segregation study on that property which will lower taxes for that year and potentially create additional carryover losses.Always options to keep reinvesting assuming the equity is there to keep playing the real estate market 

They are just playing with fire, really, but it happens everywhere.

Tenants will play games:1) Leave a minor home alone - no one should enter!