Purchase price: $125,000 Cash invested: $35,000 Sale price: $235,500 Extensive full home remodel includes structural remodel of a new staircase with pantry built underneath.

Purchase price: $125,000 Cash invested: $35,000 Sale price: $235,500 Extensive full home remodel and structural remodel including a new staircase with pantry built underneath.

We own and operate a construction business in phoenix and are potentially wanting to start to break ground on a 2 acre multifamily parcel as well with similar number of units.

I’m looking to create enough passive income to be able to replace my family’s W-2 income and return to being self employed and then to create more income and create generational wealth and set it up to support my family in the future as I know they do not have the background or knowledge to operate the empire I am developing.

@JD Mims,I haven't experienced this situation personally, but I did tour a property which had a shared coin-operated laundry room.

Owning property 60+ miles from my house which has coin operated laundry facilities is likely unsustainable :)....

Owning property 60+ miles from my house which has coin operated laundry facilities is likely unsustainable :)....

HI IS THERE SUCH A THING AS A WIRELESS BATTERY OPERATED HALWWAY LIIGHT WITH A MOTION SENSOR, THAT IS BRIGHT ENOUGH TO BE ABLE TO SEE AT NIGHT ON STAIRCASE?   

Regardless of the city, if you are operating a STR in a residential-only area (typically called R-1), you are breaking code.  

They allowed me to partner on the property with them and split profits for my work of running and operating the STR listings. https://www.airbnb.com/rooms/5...