@Dayton Komarek definitely an apartment, I don’t know if you would like to get fixated in one spot for 30+ years, not counting all the overheads that will require to maintain that liability.

Has anyone bought an investment property and then added sheds for storage or RV spots with hookup for extra income?

Jay is spot on, for me to come in and drywall one room and be worth my time you're looking at $3,000-$4,000 (which is ridiculous).

The Rehab loan will be based off the ARV not the taxed assessed value.Just make sure your numbers are spot on or else you could be in trouble down the road.

Hello Christelle, welcome to BP you are in the right spot at the right time.

I guess I'm just looking for advice on getting thru the first obstacle of just getting that first deal.Hello Ruben,I think its great that you've put yourself out there to speak with lenders and find out how to get started.If house-flipping is your end goal, the advice you received was spot on.

They simply did not collect enough premium for the cash value to get to that sweet spot where the policy can run off of its own interest.Worse, since the policy did not accumulate the projected cash value, the amount at risk to the insurance company is higher.

The sweet spot for me has been b class 1000 sqft side by side. 

@Renee Yarbrough Brant Richardson is spot-on; when something like this happens it can be truly paralyzing but no matter how much you read or how many podcasts, there are always going to be those unexpected occurrences; the rookie mistakes made on this last deal are less likely to be repeated on the next one.

The spot is hot for all types of business!