invest rite back and make sure is on 30 days to avoid paid taxes on the 100k

I'm not saying to avoid it!

I know of many STR and STVR owners who avoid the UBTI tax by leasing their property,triple net at cap rates of 8-10.

@David Sisson, I think some of this could have been avoided with proper documentation."

It's only a stepping stone to break free.While you are slaving, eat ramen, roommate up or live in trailer, avoid Starbucks and tuck every dollar you can squeeze out into a bank account. need 20% down and money for materials. so for 80K home (trashed), you will want 35K banked to get started, just a rough idea.Then, get pre-approved.

Positive cash flow, not just percentage, but the actual dollar amount of free cash flow after all operations, is what will allow you to weather economic pullbacks and avoid having to sell in down markets. 

Below are some of the key things to look out for and avoid with any turn key company. * Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)* Don't allow for your own independent property inspection* Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)* Require you to pay for any renovation upfront* Sell only in cheap. low end neighborhoods* Don't accurately represent the neighborhood/property classification* Don't have consistent rehab standards for all properties* Don't provide a scope of work for the property* Can't provide references of repeat investors* Require you to close before a tenant is in place

This is helping me build a list of areas to avoid completely and hone in on the areas that have potential.

If you choose to work with people who have investing experience, they should be able to help you avoid common pitfalls.

We would have avoided a massive headache had we done this.