Quote from @Stuart Udis: ....But I set the goal of acquiring 50 doors in the next 3 years using the BRRRR method and will then be financially free...isn't that a scalable business :)We see the above type comments from not so experienced investors or business owners all the time being posted on BP.  

After that time, some mom & pop ice cream stand owner will be fined $50,000 by the law for not updating the FinCen after their driver license expired. 

Buying an investment property at 21 shows amazing foresight and financial responsibility.

Have some real estate under my belt but looking into Short term rentals opposed to long term rentals.Wondering if there is a stand out book to read to gain understanding for Australian Short Term rental market/AIRBNB.Also if there is a specific group for Australians and short term rentals for Australian market/Australian tax system etc, do point me to that.Rod

Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lenderHow did you add value to the deal?

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

I’ve found in my market it just doesn’t make financial sense to build additional units or rehab existing unused space to build additional units.

Often times, their approval processes are slow.Credit Unions - Their member structure also subsidizes their financial structure so they can also be a source of low-cost financing.

As a result, I stand to lose not only my due diligence fee but also the escrow money.The situation has become even more concerning.

Your plan to house-hack and reinvest is solid stay focused on properties that align with your financial goals, and you’ll build a successful portfolio over time.