Henry Bảo Lê

So my wife and I are looking to purchase a triplex. When we went to view the property, one of the units has a strong marijuana smoke smell. This has us worried about the cost of cleaning this smell up. It is likely has baked into the walls and HVAC ducts. We are wondering how much will it cost to fix this? will we need to scrub the walls and replace the HVAC ducts which sounds expensive? I am sure someone on here has dealt with this issue before.

So I am looking at other strategies to increase my cash flow and scale faster. STR seems to be a possible answer for me. I know that LTR buy and hold strategy is more secure and proven method to build wealth but I feel it’s too slow for my goal. STR is looking pretty attractive, especially with the likelihood of return of 100% bonus depreciation this year. With one property, I can generate more cash flow. It will take more work and risk. I understand that it is quite a different beast than LTR.

It has been difficult finding deals to cash flow LTR's especially if you are not creative. Currently, I only invest in my backyard in Oklahoma City buying on the market for easy and low risk investments. So far, I am two single-family properties in since last year. They cash flow truly just $200 Per month each. I'm looking for my third but having trouble with finding one that will can flow like the other two.