@William J Anderson you want assistance in analyzing T-12s for the purpose of purchasing a property?

At the same time, you would like to maximize your investment until you move in F/T.

The investors with the most units and most experience could just as likely be in flip flops and a Jimmy Buffett shirt as jeans and a polo.

It’s a fully renovated, modern-styled, 2-story townhouse with 3 bedrooms, 2 bathrooms, and a basement in Baltimore County, where I live.

I know this next part isn´t popular in the STR world, but..

You have to buy right, know where the market is headed, know ALL of your expenses and know what your various "outs" are before you commit to a property or you will lose your shirt.  

Purchase price: $190,000 Cash invested: $34,000 Triplex, ranch style.

Rent goats to clear woods and create romantic lit walking pathRefinish floorsAdd modern master bathroomNew deck and firepit hangout area with hot tub and outside barand....STYLE!

You could also use a Fannie May Home style renovation loan which a conventional loan and require 5% down vs.

Roof lines, window styles, and masonry/siding all play into this natural flow, and the biggest mistake you can make when designing your flips is not following the flow that is already present!