It's the exact same business model and it doesn't matter to them if you sell one house or one sandwich.  

Over the next several years, I think appreciation is definitely going to be a factor, but that's not what we base our model on.

I was even more skeptical of the Than Merril program though, which they seemed to be modeled off of.

Is it as simple as "We don't get returns until the project's complete" or are there financial models the include the early phases as part of 5-year projection.I don't think the risk is too high—it's simply higher now than it will be when there's a completed A-class building sitting there leasing up.

VR's are a totally different animal, they are difficult to model and trying to do a rehab in a remote location is likely an even bigger challenge.

That's just one reason why you might choose this style of investment over buy and hold.

The business model is to rent to business travelers for 30+ days.Feel free to PM me to discuss, and please search BP for “AirBnB from landlord” and similar phrases.

And, actually, if you ask around at a car dealership, you will find that a lot of them (incl the F&I guys) are former 2007-era MLOs who like the pay-for-profitability model. 

id say definitely get the permit , if you do ever decide to sell youll likely have to get the property inspected and if they notice any of these changes theyll look for the permits for them and when they see there are none youll have a HUGE problem on your hands and likely have to bring everything to code and have it inspected prior to the pass of the inspection, also with so many different styles of trades involved one "handyman" shouldnt be doing them all . remember the saying "jack of all trades , master of none" this sounds like a nightmare waiting to happen to me and ive been a plumber for 5 years , the permits are there to protect the home owners and make sure everything is safe and working properly, would you really risk safty and functionally for a few thousand dollars?

hello,  I’m wondering who of you all have or currently are operating an apartment building that use to be a motel? I’m in the process of trying to buy such a property and just curious what to look out for. How have yo...