He even tells us not to do business with seniors on Social Security or with newbies, but he has no qualms of ripping me off on Social Security and a newbie!

Wealth Building: Paying off the first STR focuses on cash flow and financial security, while buying another property focuses on scaling and wealth building.

Also, right now we are utilizing FB but we may change this next year to a platform outside of FB for better interaction and more security.

This is for 3 properties I use spreadsheets, that I also provide to my clients if they don’t have a good accounting system. it can be a lot of work with making sure you have all the receipts, issuing 1099s, ensuring you have deductions, etc. as such, I recommend doing bookkeeping monthly. what’s funny is that as a tax preparer and advisor, the majority of the time isn’t spent entering numbers on a return.

This ensures that any payout for damage or liability can be processed more smoothly, and it can help protect your interests if something happens on the property. 

Some of these Guys are pros at selling if you can secure a deal for 50 % off why would anyone give it away their are legit joint venture partners on this site that will help you and treat you much better as a partner just post it and see what kinda response you get .Have a good day.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Generally, the coverage of the policy will state; “The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.”

Quote from @Jordan Kaylor: I'm new to real estate investing and have secured a HELOC on my existing home.  

My strategy would then be to lease at least two of the renovated units, increasing occupancy to 90%, which could improve the chances of securing favorable terms for refinancing.I haven't pitched it to the seller yet.