Welcome to BiggerPockets Rosette and best of luck investing!

Your aim starting out should be to get the best reviews as possible and use guest feedback to make improvements as you go.

Hi Jerrell,  The best option for trying to get a HELOC on a property would be to check with local credit unions. 

I will do my best to answer.

I’ve built a 12-door portfolio here since 2019, and it’s been one of the best decisions I’ve made in real estate.If you’d like to dive deeper into Detroit-specific strategies or need some pointers on how to get started, feel free to reach out!

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

The best way to get experience is to do the thing.

For $10K and a lower rate I'd be willing to consider delaying...but only if I knew that lender two was solid on closing in a relatively short timeframe.

If she wants paid for canceled appointments, then I would suggest you look for a new cleaner.My policy is to keep all funds if the guests cancels within two weeks of their stay, unless I'm able to rent to someone else for the same period/rate.

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