If you have experience with Excel or another spreadsheet program, you may want to make a model for your property so you can do what-if scenarios.At the top put the money items:  loan amount, mortgage rate, down payment.Then list your revenue projections you received from AirDna or by looking up similar properties in Airbnb and VRBO.Then list out your projected expesnes.You should then be able to do what-if scenarios like:"What is my cash flow and what is my cash on cash return if I get rid of cable-tv?""

I just bought a unit that is inside a building designated as "A HOTEL CONDOMINIUM".I was told that I need to get all of the following in order to use it as a STR:- Florida department of revenue - sales and use tax certificate- DBPR dwelling license- Broward county tourism tax collection registration- Broward county business tax receipt accountWith these four in hand I should be able to apply for both the "City Vacation Rental" license and the "City Business Tax".So, all in all, six different applications / licenses.My question is this - do I really need all of these or can I omit some of them because the unit is in a "hotel condominium", which, in my mind, should be eligible for short term rentals by definition.Thank you.

Based on Airdna info, it’s telling me that a single family 4 bed, 2 bath would pull in more revenue versus the 2 units?

With the market cooling, this seemed to be a "strike while the iron's hot" scenario.I had a lot of banks tell me I had to wait until next year, when I had a full year's worth of Airbnb revenue on my tax returns in order to qualify.

It sounds to me like they probably just don't want a bunch of unrented/unrentable properties clogging up their system and wasting their time since these properties don't generate any revenue. 

The second major decision is related to the first; is your goal to invest in real estate as a sideline to your job or “regular” business, or to have real estate investing replace your main economic revenue generator?  

The revenue from holding will almost exceed flipping the only difference is if you need the money now.

The potential offer: $400K Purchase Price- $200,000 Bank finance Loan (to pay seller half of 400K)- 45K down/30 yr mortgage (bank loan & Closing costs) (using Heloc for down payment)- 8% predicted/anticipated rate for investment loan D:- $ 3,220 Total monthly payment Expenses ( Mortgage + Heloc pymt + Unforeseen Capital Expenditures-$500 )- $3,400 Estimated revenue from units (conservatively) - $150-$250 Estimated cashflow (Estimated cashflow in 5 years after Refi: $1,100)Seller finance terms:- $200,000 seller financed-2nd lien holder on property- $333 principal monthly payments only or $4,000 annual lump sum to Seller each yr for 5 years.- 2 % interest rate for 5 years to be paid at the back of the loan- Cashout Refi in 5 years to pay off Seller balance and our Heloc and obtain a better rateQ: How could I structure this with interest paid at the back of the loan?

Not just building business.Flipping business I agree has no value.. where you can have value though if your a home builder and have options or lot of land lots in inventory or solid options on those.. bigger builders will pay for your name just to get the inventory I have seen that happen here on the west coast quite a bit .But for those that just buy fixer uppers  as stated just no value in that anyone can do the same thing.Its like the HML business when I mine going my main competitor in Oregon that was bigger than me wanted to sell.. they did a big write up on it and they wanted 10X of revenue.. well they made about 1mil net a year which is about right for most of us in the HML bizz that are basically 2 to 3 man shops.

They do $13,400,000,000 in revenue annually.