Purchase price: $55,000 Cash invested: $85,000 Sale price: $280,000 I feel like luck and timing played a roll in scooping up this Garfield Park home.

After the home is rehabbed, rented, and producing month-after-month cash flow, the initial lender refinances the home into a fixed-rate, long-term mortgage using his or her great credit, but both remain on the legal title for the property.

Does anyone have any experience owning/operating a short term rental in Blue Ridge (or surrounding areas)?

My goal is to master the intricacies of various property types and economic factors.I'm actively cultivating a network of industry professionals and am financially ready to acquire and manage my first investment property, aiming for positive cash flow and significant value creation.

Long term renting can also be a good strategy. 

Purchase price: $75,000 Cash invested: $50,000 Sale price: $171,250 Bought a condo in Mexico City (Condesa), flip it and invest to get it Short term rental ready, sell it as a business, with earnings around 2,000 monthly.

I don't know how long it can last though as it is the sort of channel that once to many people start doing the whole channel will become ineffective.

As for cash flow, from sales; probably in year two and three which should match the timing for the housing  market to reset past bottom of market and on to the stable appreciation side again.

I would hold off on cash for keys until she's around 30 days past due.

He is probably drawing up a Quit Claim Deed, which is usually a 1-page document.  95% of what is in a Quit Claim is copy / paste so it shouldn't take that long.