A lot of the major components are brand new including roof, siding, furnaces, A/C, flooring.

A key component of success is assembling a local team that handles property management.If you're new to investing, even if the property is out of state, start with a modest residential property.

If your pulling every mechanical component out, most interior wall and ceiling cladding, then the ROI on the energy upgrade may spec out nicely over a period of yearly savings (many years).

However, the question we have is, if she assumes the mortgage and her mom unexpectedly goes into care, can the government force us to sell if it occurs in the five-year window?

Make sure the major components have been updated.

A mix of determination, perseverance, and a bit of luck can uncover hidden opportunities in unexpected places.

A lot of real estate in D and F areas look great on paper but come with a lot of unexpected issues.

Unexpected thing is actually coming from property tax rather than the performance of the STR itself, we still get 99.99999% fully booked.

Factor in a buffer for maintenance and unexpected costs.It's also wise to discuss rent, utilities, house rules, and guest policies upfront.

If you have been listening to the recent podcasts with James and Jessie, you know they brought their value add components.