@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

By adding value through renovations, design tailored to German preferences, or flexible leasing strategies, you can turn seemingly average properties into STR gold mines.3.

On the other hand, a detailed quote with a higher total may offer more transparency and reduce the risk of surprises as the project progresses.I specialize in consulting services for situations like this, where I help clients evaluate contractor quotes, ensure transparency, and navigate the renovation process with confidence.

Heating costs can be a killer on larger buildings with central boilers, especially in colder climates.

There’s simply less demand for them compared to larger properties.

I'm unsure if you would be able to combine both loans given that the HELOC is tied to a different property than the one you got traditional financing on.A work around is if you are able to purchase the new property with the HELOC at a significant enough discount, bring the property value up via renovations or additions, then refinance the property, pulling out enough money to repay the HELOC. 

In 2022, we also bought a gutted 56-unit apartment complex and fully renovated it in 14 months (over $2.25mm in construction)!

The mortgage would stay under the seller's name.The buyer could then rent out the unit, renovate, etc. to increase cash flow or make more money.But aside from a possible "due on clause" being called by the mortgage company, what's the benefit to the seller?

Since they say they don't want to leave, I wouldn't try to force them out until the end of lease term if they are paying (it might look like retaliation) but if you really don't want a cat you could.Here's what I would do:I would tell the tenants that they need to address their issues with the renovations with their own insurance carrier not yours.

Hi everyone!
I own a 6BR short-term rental in Estes Park, Colorado, which generates a lot of laundry—especially because we use high-quality linens. We’ve tried off-site laundry, but our sheets get mixed up and replac...