The refinance stage can also be a challenge since many lenders require a seasoning period, often around 6 months, before they’ll allow a refinance based on the new appraised value.

While I agree the rent by the room strategy can be great if you know how to manage it well, from a lending perspective, a lot of 30 year DSCR note buyers won't allow properties with individual room leases, so it could make refinancing more challenging. 

Without solid credit, even the best structure can be challenging to leverage.Curious to hear how others in this community are structuring their businesses—are you sticking with an LLC, making the jump to an S-Corp, or considering something else entirely?

I love a challenge.

We are a team of five employees, and our work involves renting land for a number of years, designing and developing buildings, and managing them—including renting and maintenance.It’s an exciting yet challenging new chapter in my professional journey, and I’m eager to learn and grow alongside all of you.One of my key goals is to modernize our company’s workflow, which is currently reliant on traditional pen-and-paper methods. 

It's challenging especially locally these days with today's interest rates.

Practically speaking, it’s going to be quite challenging unless you spend significant time.

Challenges?

The more challenging part is learning to manage investments well, as my book makes real clear.

Given your residency limits, the high prices in NYC and surrounding areas are a challenge, but there are still options in neighborhoods further out within your allowed range, like parts of Queens, Brooklyn, and the Bronx.