Changes the picture somewhat; everyone should evaluate their own model.Also there are countervailing concerns to be aware of to find one’s own balanced position on this:Yes I’m aiming at the “crappy” end of the market where a plumber like me can add value adding/ fixing bathrooms and kitchens; where prices are cheap still and returns especially after adding value can be much higher, and also I’m a big believer in not just maintaining but improving your properties, which all fattens the capital expenses budget.  

MichaelNice to see some people in the same state in here...Bellefonte, I use to have some freinds from there back in my college day when I went to Penn Tech... and always partied at Penn State...What other adivce can you give another PA guy trying to fatten his wallet, to try to move from the E and S to the B and I.Thanks

When I had to fatten up my buyers list I went to my favorite realtor and had them run a report of all the short-sale and REO properties in zip code xxxxx (insert zip code of area where you want to buy properties here) knowing full well that the buyers of these properties will probably be cash rehab investors who flip houses.I took that report to the county clerks office and looked up the deeds for those properties which gave me the purchaser(cash buyer) and their address.Some of those same purchasers had bought several properties for cash in the last 12 months.I then sent them all a form letter stating that I have come across fixer properties to call me to discuss future fixer's I may come across.

Sell it, exchange it, leverage it, or keep it in books to fatten the bottom line.

BTW, most attorneys will have no idea how to use trusts just for real estate, and might even tell you something crazy, like why they’re illegal, immoral, and fattening, and why you shouldn’t do that.

@Brandon Cook, nothing convinces a spouse like an ever-fattening checkbook...Your over all plan looks like a good one.

Faux conservatives want to legislate morality, fatten tax incentives for whoever they favor, and watch talking bobble head idiots on TV that have no idea how things work in the real world.

One that, if you participate, will fatten Josh's site pockets so he can get to some of those cool upgrades we're all dying to experience.

Short-term rentals and their profitability are essentially profit divided by total cost of acquisition, fix up, furnishing, other such costs.Custom build or building new is a great way to fatten the cost.

Other than that two other rentals I have need more time to make it worth selling and 1031'ing with, they are only 3 years old vs 5 and 7 years old so they have not fattened up enough to buy two with the proceeds from each after transaction costs...As it stands now rental value wise it will cash flow a tiny bit if I were to rent it out right away but in a year or two the CF should be 200-300 a month, plus a good 500-600 a month in principal pay down.