Another thing to keep in mind is to make sure you have an active income to help you have more options in terms of the strategy you will use to begin investing.

Establishing a great relationship with a mentor or group that is actively doing this would be great!

So, we obtaina full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc.to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.

--Local active investor.  

The additional income from STR could justify the renovation costs, but it requires active management and market awareness.LTR or Break-Even Strategy: Renting long-term might simplify things, but if it only breaks even, you’re right to consider if appreciation is enough motivation to hold.DIY Basement: DIYing the basement could increase STR appeal without the full $50K outlay, especially if extra space attracts more bookings.

Sometimes I question whether there is some real estate investor challenge I am unaware of where investors actively try to one up one another with new ways to toss their money down the drain. 

Hello BP,  It's been a while since I have been active in the forums or on the platform.

Originally posted by @Emily Menker:Hey Paul, It’s been awhile since there was any activity on this post.

Also some types of fish are very active and splash significantly.

We want our properties to help offset other active income we generate and eventually create passive income.