This way, your current rental stays a cash-flowing asset while providing leverage to grow your portfolio.

Quote from @Jasmine Thermitus: Hello Everyone,I recently moved from Boston to North Providence and purchased my first property.

Moving walls usually requires figuring out what is or isn't load bearing and likely putting a large and usually expensive header.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

With the numbers you provided above, you will have to ensure you have healthy reserves.

If it's currently an STR they should be able to provide you with the p/l statement from prior years so you can see gross rents, operating expenses, average daily rates and occupancy levels.

Guaranteed Returns: A fixed 7% is impressive in today's market and provides predictability unmatched by most investments.2.

The updates they provide are bare bones and usually only come after I've reached out to them asking about the investment.

This amount provides a reasonable safeguard against potential claims if something goes wrong, like an accident or damage to the property caused by the tenant. 

Quote from @Burke Atkerson: With over a decade of real estate investing experience and over 100 flips, I now provide private money & hard money loans.