It might also be worth exploring creative financing to leverage that quarter million into even bigger opportunities. 

Ensure you thoroughly evaluate the lease terms and have a strategy to manage potential delays in finding a buyer.Best regards, Stevan

Keep an eye on those delinquency rates and ensure that the property manager is proactive in rent collection.Maintaining open lines of communication with property managers is also part of the process.

To link the accounts, please ensure that the email address that you have with your BP Pro membership is the same as the one you used to sign up for Invelo.

For liability protection, consider umbrella insurance, and ensure your accountant understands rental properties qualify for deductions without LLC ownership.

That said, complying with local ordinances and ensuring the lot isn’t in a restricted area will be key.

Keep detailed records of payment dates and amounts and consult a tax professional to ensure this strategy aligns with your overall tax planning. 

The project reaffirmed the value of leveraging partnerships and financing creatively.

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Quote from @Dan Grove: Hi friends,I'm starting to build a portfolio of long term rentals using creative finance.