Besides closing the door to the house, we added a mini split for temperature control and a entrance from outside for full privacy.

The restoration includes new double pane windows, new roof, siding, new drywall, restored hardwood floors , complete bathroom remodel, in the kitchen new cabinets and granite countertops have been installed, a complete electrical upgrade and for the most efficient heating and cooling 3 mini split heat pumps have been added.

I have seen that many times the cash on cash is a better metric, and still able to be met in mini markets.When I talk with investors who are interested in your market near Charlotte North Carolina we talk about different ways to solve for this problem.

We will definitely be re-doing the kitchenette since it currently has a mini-fridge only & we want to add a range & medium sized fridge.Renovated Condo

If mini split thats 1 of those per unit/room It is not a mini split condenser per room.  

I considered offering cleaning/hospitality services to other people in the area and creating a mini business with that, but I'm open to creative ideas to gain a flexible schedule with two young kids, aging parents and a business.

I don't think one can calculate using typical flip 0.7 minis rehab since will live in At least 1 yr (RBR), 2 yr (flip and no cap gains). 2.

About biggest "drama" I had seen is when there was a pitch for "what about mini-storage", which we discussed for some time, I equipped them with all the realities of it, we developed a few real world potential, really fleshed it out, "board" meet, reviewed, and decision was made of why chase shinny things when on a good proven known path.

You’ve already taken major strides by turning an inherited property into a potential income-producing asset, and your mindset around leveraging the equity is spot on.With 5 acres, a paid-off home, and two additional structures with electricity already in place, you’re sitting on a high-potential mini compound and there are several creative directions you could take depending on your goals.Here are a few thoughts and strategies to consider:1.

A lot of investors do this — it's basically a mini BRRRR strategy (Buy, Rehab, Rent/Refi, Repeat).