From that I was able to find a great realtor and a duo general contracting team that has been very reliable- chatting with them almost daily and doing a video walk through once a week. 

In a recession the STR market will be the first to get hit and your proposal doesn't have an exit strategy as the value of the property along with daily rates would decrease substantially. 

Winters can be tough so we use airDNA to get a sense of the Average Daily rate and occupancy for the year.

So far, I’ve been learning via reading and listening to podcasts daily for the past few months along with saving majority of my income from work to go towards my first future down payment. 

Their interest isn’t calculated daily like every other loan you’ll ever have.

Go to the CSLB website and much is outlined there.1 Lots of businesses including construction companies shoot for 20-25%, the higher the margin with increased volume=$.2 Most B1's that I know started as framers, some in concrete, some from underground construction.

I drive through the Phoenix area daily.

🤪Doing 'the thing' means:💸multitasking💸meeting daily with investors and lenders💸reviewing deals and opportunities for others💸teaching others how to determine how to evaluate deals💸listening and learning from others' experiencesMy biggest takeaway this week is the need for PATIENCE.

“Several weeks later after I asked for additional information as this did not appear to be the case I received this:“Thank you for following up on this issue, I apologize for any stress this situation has caused and for the delayed response as we work through higher than average volumes.

I was grossing $1500-$2000 daily with 25% margin on sold goods, so I did well.