Sellers Info-Main interest: minimizing capital gains/taxes, preserving estate for his kids-SFH free and clear, no mortgage, purchased 30 years ago for ~$150k-Currently acting as landlord, very likely doesn’t want to continue in this capacity My info:-I want to cash flow the property now -I want to purchase the home now or in the future Property info-No tenant, rent comps $2600-2800-Current comps of $290k-320kI don’t know the sellers full financial picture.

Check in with @Joseph Chiofalo they do a lot of low LTV jumbo investment and second home loans for us. 

We purchased the home on 9/29/2023 for $240,000, invested $38,500 in renovations, and sold it for $355,000.

Thurston CountyAverage Purchase Price: Approximately $480,000Average Rent Prices: Around $1,800 - $2,000 per month for a typical 2-3 bedroom home.Investment Appeal: Home to Olympia, the state capital, Thurston County ensures a stable government-related job market.

So I'm leary of getting into another contract and being left with a ghetto laundry room in a couple years.Those machines I sent link to from Home Depot are around $1200/each so was curious if you come out ahead to buy them and just have an appliance repair out when they break??

We purchased the home on 12/27/2023 for $218,000, invested $12,000 in renovations, and sold it for $280,000 on 3/8/2024.

I have to figure out the cost/investment of building a home from scratch vs potential rental income, etc. 

Just be careful with mentoring programs and leave your wallet and credit cards at home when you go to the seminars.   

Local = no more than 30-minute drive from your home base.Yes, I mean going out and looking at the neighborhood, the property, the surrounding amenities, etc. 

Hi Sam, Is the STR a single-family home or multi-family property?