Likely a cookie cutter average home will not cut it, it likely has to be well located and extremely well outfitted. 

Avoid These First-Time Flipper Mistakes• Underestimating rehab by 20–30%• Not budgeting for holding costs (Baltimore permits can drag)• Ignoring foundation/joist issues, extremely common in Baltimore rowhomes• Buying on the wrong block because “the numbers looked good”Out-of-state flips succeed when the team is strong, not when the spreadsheets look pretty.5.

If you need one who is familiar with house hack investing in your target area(s), click here and BP will recommend one.You may already be doing this with your existing investment properties but for house hacking, I'd recommend having clear house rules related to visitors, vehicles, quiet hours, apartment walkthrough access, etc.All the best to you and your family during the transition!

You're going to run into this in most of the major STR markets because within the last 2 years we have seen a massive spike in available inventory.In order to compete with the competition now, hosts/owners/operators need to step up their game and be willing to invest in good quality furniture, memory foam mattresses, high quality linens, professional seasonal photography, etc.In the high desert, most visitors are looking for peace, quiet, privacy, and amazing scenery so this means stay away from purchasing homes in residential neighborhoods with neighbors on all sides.

One upstairs tenant is extremely irritated and threatening not to renew because they think they need to walk on eggshells and claim to just be just trying to live their life.

While some ARVs are pretty accurate, most of the time these numbers are extremely inflated.

Covid eviction moratorium in my jurisdiction was the most extreme in the country.  

They want contemporaneous records—evidence created at the time the work was performed.What real documentation looks like:• Time logs showing date, specific task, and hours (kept weekly, not recreated at tax time)• Receipts for cleaning supplies purchased the same day your log shows cleaning work• Calendar entries blocking time for maintenance with notes on what was done• Text messages or emails showing you personally handled guest issues• Photos documenting before/after repair work with timestampsThe extreme but effective approach?

It has been pretty quiet in Oct. and Nov. and I will close it down after Jan. until April. 

Hi @Juliette HolmJames give you a very details inside, this is what I would like to add on his response.Property Selection Caveats (1970s Homes)While the general decade recommendation is sound, remember that every property needs close inspection:Plumbing Systems: Be extremely cautious with houses built in the 1970s.