I am trying to learn everything I can about taking a really bad house and turning it into a beautiful one so I can become an expert.

The report revealed that the current occupant has multiple evictions on his record, an "impressive" criminal record and everything in the report points to a major drug activity going on in this  beautiful, once immaculate townhouse.

I've asked him to send me copies of the rental agreements to see what the terms are for late payments - not sure what he can legally do.Issue a notice of non-renewal, that's the beauty of a MTM lease.

I have been looking around on 'Home Depots' website for materials in regards to flooring, paint, bathroom accessories, kitchen, etc. 

We mostly have doctors and nurses in rotation for weeks at a time at the Fort Worth home.It is DEFINITELY more work with STR’s but the hidden beauty behind those that nobody has seemed to touch on is that....People staying in STR’s don’t have a problem telling you if there is a problem.

Which will be anywhere from 55k-60kThe beauty of this is I don’t come anything out of pocket versus traditionally I would have to make a 55k DP in order to purchase the home.

Which will be anywhere from 55k-60kThe beauty of this is I don’t come anything out of pocket versus traditionally I would have to make a 55k DP in order to purchase the home.All said in done my dad will walk away with about $115k cash and I will now take over the home mortgage which is estimated around 1400-1600 a month.I’ll take the 115k loan from my dad and strategically invest in BRRRR properties.

Which will be anywhere from 55k-60kThe beauty of this is I don’t come anything out of pocket versus traditionally I would have to make a 55k DP in order to purchase the home.All said in done my dad will walk away with about $115k cash and I will now take over the home mortgage which is estimated around 1400-1600 a month.I’ll take the 115k loan from my dad and strategically invest in BRRRR properties.

Beautiful.

And we have just begun plans for a 650 sqft, 2BR/2BA (with 1-car garage) Accessory Dwelling Unit (ADU) in place of our garage.