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Meanwhile, I created one LLC and business bank account to pay property tax, mortgage and day-to-day operating cost.

Hi Robert, I always look at the rehab and deciding what I can do vs the opportunity cost of spending my time elsewhere.

HelloOver saturated STR in Ohio markets have caused many STR to drastically lower costs to as low as  $100 for entire bedroom home.My are higher and I'm not competitive with the lower cost Abnbs.I also feel hotel industry are mass building new hotels to compete with str. 

I’ve been managing commercial real estate for about 10 years and want to start investing in real estate.Outside of real estate, I enjoy golf, live music, hanging out with friends and familyExcited to learn and connect with you all!

We're looking to gather info about likely cost, pitfalls, time required, considerations when obtaining financing, etc. 

If you're a relatively new multifamily operator, you'll likely be required to hire a professional management company (inexperienced owners are typically not allowed to self manage the assets).

I wonder Trumps thoughts on the affect of Tariffs and the cost of materials.

Reverse 1031 Exchanges are more complicated and have higher costs, but can solve these problems. 

This also leaves me with $3,750 stuck in the deal (not including financing and closing costs, which could easily add another $20,000).In total, if I had to include closing costs and financing costs, I’d have about $23,000 (if not more) tied up in the deal and lose close to $700/month before accounting for expenses.