Had excellent success self-managing as an Airbnb in the winter months and switching to a mid-term rental the summer months.

I'd start shopping around for terms and building relationships sooner than later. 

As such, you qualified for a truly self-directed Solo 401k plan (as long as you don't have any employees working for you).

I'm ecstatic to have just secured a fantastic new short-term rental property and I'm eager to collaborate with experts to transform it into a stunning haven.

I have seen it but its very short term and you are still going to need considerable funds to refinance out (6-9 months reserve etc.).

Quote from @Devin James: In one of our development projects, the City staff asked us to remove 40 units from our concept plan.This wasn’t requested by the City Commission at a formal hearing, it was the opinion of the staff.Our original concept already proposed fewer units than the current zoning would have allowed.Here’s what erasing 40 units means:- 40 fewer homes for buyers- Over $1M in lost profit for our team- Fewer tax dollars and impact fees that could’ve benefited the City’s infrastructure & servicesWe gotta get betterEveryone wants more affordable housing, but not everyone wants to do what it takes to achieve it we never listen to the recommending bodies. we move for city approvals and work closely. the other thing we do is keep going back to the same groups over and over and over and over every month on the same agenda and make very small reductions like 2% or 4% and that reduces and beats them down eventually they accept what you want. it's just before beating a dead horse. we keep tabling until they give us something we all agree on then we go to vote. in our city in columbus we have to get recommendations but that's our strategy. we used to come out as aggressive as possible. we typically study developments in the area and keep it very similar in terms of density. we have a track record of very controversial projects and litigation and not taking no as an answer. after a year of that haha I can tell you it's not worth it. now we are more relationship based and buying the right kinds of plots of land. if the numbers don't work on the front end don't do the development. 

Now, in 2024, we're seeing $4,000 per month just on the main unit and $1,800 on the other unit of the duplex.Long story short, it's a long term play.

Okay so is there a need for an LLC which has some terms in the operating agreement? 

Being prepared for these hurdles can make all the difference in achieving long-term success.

Hi all! I