I hope the tenants stay for awhile, and you keep the vacancy rate down.

Smart move. documentation is your best friend :)  Stay safe out there.

Personally, I like to update it weekly—it helps me stay on top of things and, honestly, I find it fun!

update on this, in my opinion unconstitutional law. in December 2024  a Texas judge put a stay on the Transparency Act.

You then draw your HELOC balance as the down payment for the flip.  

Looks super promising for those staying up late on FB a few nights a week.  

For example, I have two STR high-income earners (making 140k & 150k) in Joshua Tree for sale with low expenses, where the sellers will stay on to manage it.Making sure you are keeping as much as possible from the tax man is a huge component and to do so you usually have to invest it.

Some times our experiences differ; other times our experiences are similar but we draw different conclusions.

Holding costs if renovation will be required (interest, builder's risk insurance, permits, porta-potties, lender draw request and/or inspection fees, etc.)

As long as you stay invested and let your hard earned capital continue to grow, you can pick your spots when a real estate opportunity offers outsized returns comparatively to other investments.