Look for properties that have been listed for at least 6 months or a year.  

I currently earn about $7,000 per month, working 50-55 hours a week at $34/hour.

I would want to keep extra for reserves along with contingencies, plus if anyone in the area has stored away the 10,000 for a cost segregation details on that would be helpful too.

19.5% increase in the past 12 months.

Even more after you consider the hard money costs. 2) the hard money route is going to cost you at least a few % of the loan value so it’s basically the same as just raising your offer a few percent even higher than “overbidding by an insane amount”.3) the seller’s might be taking cash offers because they know they won’t appraise for the sale price.

I am married to a successful interior designer who serves luxury clients but can work with me to make rental properties look great for half the cost with her knowledge of what makes the most impact.

Typical renovation is taking us 2-3 months right now.

HCL=high cost of living areaLCL=Low cost of living area 

What have been your experiences so far, and any hidden costs that you did not expect managing investment properties? 

My fear now is that by posting it on Airbnb I put it out for the world and I believe technically it can’t be rented separately but zoning said they would just tell her I have a permit pulled or it was just people who are renting my other place on the same lot so basically really no way to prove it.I was thinking instead of a kitchen is just rent it out 3-4 months a year with an outdoor flattop grill on the patio a nice seating area and maybe an outdoor sink.