Purchase price: $285,000 Cash invested: $40,000 purchase Price $285kRenovation Cost $40k (on budget)Renovation Time: 41 daysARV: $425kFeature sheet: https://drive.google.com/file/d/1PMMTCmYptc1Jiy14MgAImJyiiEonebQl/view?

We've slogged through the process of doing our first lot spit in Mounds View.

But I went downtown and had an extremely difficult time reconciling what I was experiencing with my pre-conceived views.

Quote from @David Butler: I wouldn't endorse such a view, but some people see nothing wrong with it as long as they operate within the boundaries of what is legal.

Temperate weather, beautiful views and plenty of attractions; what else could you ask for!?  

Passive income is generally more desired from an investor's point of view because they get a lower tax treatment than active income. 

Yesterday we changed our stay requirement to 1 night and today our "Property Views" shot up 125. 

The commercial returns available on loopnet or auction sites for public viewing generally seemed no better than I could’ve gotten buying overpriced residential property.  

Original “living room”New: Office SpaceOriginal BedroomNew BedroomOriginal BathroomNew Bathroom: View 1New Bathroom: View 2INTERIOR PRODUCT AND DESIGN CHOICESCooking and dining together is a big family activity for us.

Arranging schedule of various trades and balancing the good ones with the ones that are available.Permitting and inspection issues (should be a non-issue, but last house we had a new inspector that seemed like he had something to prove and nitpicked what I view as non-issues).Market swings impacting ARVs, or in the current market: are we going into a recession before the house can be completed?