Investment Info:

Single-family residence fix & flip investment in Success.

Purchase price: $55,000

Cash invested: $25,000

Sale price: $119,000

Bought at around $50k
Fixed up at around $20k
So...

A couple of things I like to tell my newbies-Owning a short-term rental property can offer significant financial benefits.

@Janine Sharma The decision to classify your onsite mobile home park property manager as a W-2 employee or a 1099 contractor depends on the degree of control you have over their work.

It's much easier to set things up right than to have to transition them later when you have multiple properties and many, many transactions.

I have newer properties that spec builders just through up and have issues with. 

@Venka Pulla It’s frustrating when a property manager isn’t meeting expectations, but transitioning to a new property manager is typically straightforward if you follow a few steps:Review the Management Agreement: Carefully read your current Property Management Agreement (PMA) to understand the termination process, including any required notice period.

I would reinvest in a another property and use a 1031 exchange to detour taxes.   

I imagine people who've had 2nd or 3rd houses in hollywood hills are not interested in rebuilding or doing the work.  How do I go about finding those who'd rather just collect the insurance money then sell it off at a...

Just to name a few: Borrower's Experience FICO Loan Amount Loan Type being sought: Perm (30 yr ams), Bridge (12-36mo I/O), Rehab (12-36mo I/O), Ground Up (12-60mo I/O) Property Type (1-4 unit, 5+ MF, Warehouse/industrial, Hospitality etc)If you have a specific deal in mind, then you can have a lender (or broker) look at it and give you a better idea.

Are you self managing those properties?