- Vanessa Banh bought a $347K fixer-upper in Modesto and converted the four-bedroom house plus garage into four separate Airbnb units—she’d rather rent them all out than live in one.
- She financed the buy with a hard‑money loan, refinanced to conventional, and used income from wholesaling flips to fund renovations.
- Renovations cost roughly $60K for the house and about $108.5K for the garage conversion; the rentals brought ~$3.5–4.5K/month earlier ( ~$1–1.5K cash flow), and the new garage studios now rent around $2,000 each.
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