But, make sure you qualify for the conventional financing first, and have the extra money to do the repairs.

Usually the resort rental units are sold as furnished, so you get furniture from the get go, but sometimes the sellers take some prize pieces such as art work, vases, etc, so you may get the furniture but not some of the extras.

I don't mind spending the extra money if it's worth it in the long run.Thanks in advance.

Provided there is sufficient and current data, this could tell you the current market value.

You may find you get a little lower quality tenant, but the extra income is great.

But, as you can see, that extra $4k from the extra 12% will give me peace of mind/safety from this.

My guess is that by the time you pay your extra pm, cleaning, and maintenance expenses, there will be very little left over from the extra you were able to charge (making the feasibility low).

Is the conventional loan appraiser/underwriter OK with the extra duplex building?

How should a process and store data?

I have listened to last years BP conference which is AWESOME.I am an outside sales rep looking to try to make some extra cash so I can start creating passive cash flow.The podcast are great and I start every Thursday morning by listening to them on my morning drive.