NOTE: Need to Know: Do the kitchen and bathrooms need updating (if yes, that cost needs to be included and your buy price needs to reflect that additional expense)

Should I revise our taxes from last year to reflect the RV's personal ownership?

Rentals that are market-rate but lease quickly often reflect strong and steady demand.

LLC is a pass thru entity so it should reflect on your individual return

Personal Reflection:• We’re excited to start this journey but realize we have a lot to learn.

The creative side of STRs is definitely a fun challenge, especially when you can make it a reflection of your own vision.

My ARVs are also reflective of those factors. 

Mention a payment schedule that reflects project progress and key milestones, such as rough inspections passed or drywall completed.

Duplexes or small multifamily properties, even with value-add strategies, rarely match the potential of single-family homes in the right neighborhoods.In summary:Don’t be discouraged by low cap rates—they reflect market expectations of future growth.Focus on single-family homes with high equity potential in desirable areas.Avoid chasing the "economy of scale" myth with small multifamily properties—they often come with higher turnover and lower buyer appeal.Think long-term: prioritize properties that grow in value, even if cash flow is tight at first.

Their victories reflect well on us and reinforce the value we bring to the table.