I almost exclusively sell bank foreclosures for a large asset management company, and I also do a lot of marketing for wholesale deals.

You need a reserve to handle unexpected costs, particularly during the first 1-2 years of ownership and learning how to manage the property. 

We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

Best Sellers to TargetThis will make deals more difficult to come by however, since many sellers may opt to wait until interest rates decrease and cap rates follow suit in the coming years to get a higher price on their properties if they are not being forced to sell at this time.

Typical equity build up time is 5 years, depending on your market.But can you purchase another rental using your own capital?

I am also a project manager and a architectural designer for a real estate developer in NYC. 

Hotels and motels do it all the time.

No decision yet, but it's looking good for the investor, as they were able to find about 20 other houses in the area that have been operated as STRs for years with no complaints.

Hi All,I have a SF LTR that I’m self-managing on the passive side.

His ads pop up all the time on my feed.