Refitting all may increase costs and potentially raise your 3-plex rate, which is currently quite low.

You raise an excellent point, and it's something a lot of people are starting to recognize as more short-term rentals flood the market.

Very fair questions raised here.

Will just flat out raise my hand and say I'm new... but have been studying for years on SS (have done residential flips/rentals), now or never to actually s or get off the pot haha.

Last piece of advice is to raise additional capital because shortages while building ground up can be a painful proposition.

Just ask for a raise at work or sell a product to make some extra cash flow.   

If you win the bid, they let you and they raised the price up so you got screwed.

I sold my OREO I took back after the 08 crash with zero interestI raised the prices and wrote the notes at zero interest so with a gain in principal and getting paid off so quickly not only did we save our bacon we actually made some profit.

You an use this if you are either looking to invest passively, or, if you are raising capital, refer back to it, and focus on these three pillars:The biggest mistake I see passive investors make is they focus on the deal, what's my return, when in reality, that is the last pillar they need to focus on.

I also got a business credit card for buying things related to the rentals.