The BRRRR strategy and tax lien investing are both great approaches, especially when you’re getting started and want to maximize your investments.I’m involved in the investment real estate space as well, primarily focusing on new construction duplexes in downtown Indianapolis.

To succeed in Cleveland's short-term rental market, research local regulations, analyze potential locations, find ideal properties, build a network, plan renovations, stay connected with BiggerPockets, focus on modern bathrooms, cozy outdoor spaces, and practical amenities.Good luck!

Great to see other younger people in this space.

Most people who buy 2+1 and think they can use the third and get busted on that, end up renting the bonus unit to the top or bottom unit as extra space, but that is a loss on what would be unit rent by more than half.

Multi-family units (duplexes, triplexes) allow you to maximize rental income while maintaining some personal space.

The “no closets” comment makes me nervous, as I have been told numerous times by appraisers that a space is only a bedroom if it has a closet and a means of egress.  

(optional)Kitchen Remodel (2020): Updated countertops, cabinets, and installed new stainless steel appliances.Bathroom Renovation (2019): Added new tiles, modern fixtures, and a glass shower enclosure in the master bathroom.Finished Basement (2018): Added 600 sq. ft. of finished space, including a family room and home office.New Roof (2021): Replaced the entire roof with new shingles and added improved insulation.Landscaping (2022): Redesigned front and backyard with new plants, sod, and an outdoor seating area.Energy-Efficient Windows (2020): Installed energy-saving windows throughout the home.

“If you make your space memorable, guests will forgive the small stuff,” he said.But it’s not just about creating a remarkable space.

There's the vibrant downtown area with trendy restaurants and there are beautiful parks and green spaces throughout the city.

I started out losing money because of employee salary and office space, but we quickly grew enough units that it paid for itself and then became profitable within a year.If you want to pursue this, I recommend finding an existing PM company that wants to sell.