I’m weighing two options for our housing situation and would greatly appreciate your advice, given the complexities involved.1.Renovate and Buy Another Property•Invest to renovate our current home adding a bedroom to the house given our family outgrew the house.

I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

@Travis Gutting, the fact of the matter is: $100k in today's market is by and large going to land you in a "rough part of town", a MAJOR renovation, or into rural areas.Granted, I don't know every market, but Cincinnati (my market) and Louisville are not too dissimilar.  

Any numbers on projected STR revenue?

It might be best to consider wholesaling it and letting someone else finish the project, break even and move on.

While these advisory services are required as part of the day to day, self performing those and diverting that as income is not going to be significant enough to help cover living expenses early on unless you are jumping into large projects.

Honestly, I never fully understood what they meant—until recently.I’ve been diving into some larger-scale real estate projects, specifically in commercial properties and multifamily development.

One of my connections will fund the rehab for less and give it all to us on the upfront to finish the project at a lower cost.

With the right renovations, we saw it as an ideal project to maximize returns in a growing market, especially with our experienced partner, Seth Choate, by our side.

@Chase McArthur would you mind sending a copy of the analyzer you use for financial projections?