That is what I am uncertain about but know I have to be prepared for it in terms of the hidden costs beyond the external fixes for the property.

@Brittany HeilI'm not certain if this applies to all markets, but our lender (and loan product) and property insurance company expected us to move into the Primary residence within 1-2 months.

The options contracts I've done in NC (only 4 or 5, me as seller, all post-GR) set the 'contract price' and terms.

After doing the program for couple of deals, I find out it is almost impossible to make profit on doing Flip with their system, since they are providing these stuff:1.Sourcing clients with deals on Zillow, that is anybody can do that, you can't buy a property with very low prices2.Asking un-credited investors to borrow Hard Money Loan, I don't really think anyone don't have much experience should borrow Hard Money Loan, with balloon loan mechanism, it is basically teaching new-bees to suicide.!

The most followed path is to save enough for down payment and reserves then get a loan. 

For those who have tried Airbnb long term rentals (typical more than a month), how do you factor in the utility bills?

As I get into short-term rentals, I’m curious: What should I look for when picking a location?

Hi Dani,When it comes to using a VA loan (Veterans Affairs loan) for real estate and the possibility of transferring it to a Limited Liability Company (LLC), there are several important considerations:Loan Transfer Restrictions: VA loans are personal loans guaranteed by the U.S.

Doing this allows you a couple of added benefits, such as being able to put less down on new mortgages if you go with a bank loan as it will be your primary residence.  

At this time, the types of properties that I'm interested in pursuing are primarily multi-unit rentals and short term AirBnB properties.