If you do both, you could arguably combine these functions.At that point, you're down to 3 people.

Monthly payments are a combination of the principle and interest rate.

Your experience running a business combined with your construction background makes you well suited to making a go of the RE business.

I have done a sort of combination of both - buy in lower end areas that are on the verge of coming up in value.

Since it did not, it is likely because the rehab is higher than $18k, or the ARV is lower than $75k, or a combination of the two.

Combined with re-reading the FAQ, I now feel like I fully understand what I was asking.Not trying to start a fire, just wanted to point out I did do some diligence before posting the question.

Finish out and furnishings have taken longer and cost more than I planned, but now it is ready.My plans for marketing are:VRBOairbnb.comDedicated website with professional photography, and perhaps a blogYouTube videosEncourage guests to leave reviews on Tripadvisor and Yelp as well as VRBO and airbnbCraigslist ads pointing to my websiteEmail marketing to guests and those who've made inquiries Visit local destinations and talk it up, leave cards, and offer spiffsWord of mouthSocial networkingBarter with other vacation property ownersYes, it seems like a lot, but I'm really doing market research to see what combination works best.

Kenny i hope you make it man. 10 kids is very tough.I know my brother-in-law and wife are both managers and very frugal and pull down about 70k a year combined in Georgia and with only 1 kid they scrimp by.I can't imagine how you will do it with ten.Does your wife work at all besides the kids??

You can't combine your own money into the LLC investments or checking account.But having a "Checkbook IRA" makes it easier to invest in Tax Liens and other real estate, while keeping all the fees and charges to almost nothing.

i'm doing a combination of all 3...however i won't publicly disclose my profit spreads..i'll be happy to discuss in PM, but let's say that i'm finding some great margins :)