-not sure who said that one, but you're never more vulnerable to make a dumb decision with money than right after a huge win

It's better that the parcel maintain it's single-family zoning so that an SB9 strategy can be executed in the future.What else...?

I have a few ideas/tools in mind to get into my first deal, although I don't have to execute all of them if they don't make sense financially: 1.

So just recognize this could be lengthy process if they default.If it was me, I would take it as a non-refundable deposit with a letter of intent and a purchase and sale agreement that the money is a down payment, is not refundable and they must execute the closing by a specific date otherwise they forfeit the money.

The only way you could get to 3 quality STRs with that $80,000 is if you use the BRRRR method and execute it absolutely perfectly. and get all of your capital back + some extra to cover furnishing on every deal.

It started with just weekends but now we are getting weekly bookings from executives in town for work booked by their company.  

Red flags to look for are brokers offering both QM and nonQM products, such as VA and FHA loans concurrent with hard money and DSCR.At the end of the day, it really boils down to if you trust the account executive/loan officer not to misrepresent the terms for the deal.

I am excited for the opportunity to execute on a buy and hold strategy.

Properly executed, an investment in these types of property can garner substantial passive losses, often equal to the amount of capital invested (or more) even in years where the benefit begins to sunset.A few words of caution: - The tax benefit is valid as long as the gain incurred from the sale of property AND the investment with bonus depreciation occur in the same calendar year. - Be careful not to let the "tax tail" wag the dog.

I do have a great plan to move forward with, it's the execution of the initial plan that's taking me long but, it is giving me more time.