Drive around and figure out a few areas you would like to live in with your budget.

Now, you need to figure out how to find deals and pay for them.

Let's grab a coffee.These went on sale during black Friday and figured to share: https://www.amazon.com/stores/Arcade1Up/page/72239652-B330-4...

But I have officially hit 6 figures in revenue and honestly if I wanted to I could just stick to having these 3 and live pretty okay off of 3 airbnbs I am arbitrating.

well you have your own answer there are no lenders for entitlements  there are JV partners like me for entitlements but its not at traditional lending rates of course as its all risk capital.WI funded 3 entitlement deals in 2024 in Loudan  county VA to the tune of 7 figures in cash. since my client does not own it its unsecured ..

I had purposefully waited as long as I could in case it was blocked, but I figured chances were slim at this point. 

so you can get a rough idea of what something might rent for from the tools, but then if you know an experienced PM or agent, you can say "my property is different in these ways, how much do you think that's going to impact rent?"

With all this said, to answer your question of how you'd value this for a sale, I'd get a STR specific broker that's able to market your property as a turnkey STR with data on the rents, figures, etc.

You'll have depreciation shielding your passive income, so that's a 35% savings on your marginal income. however if you flip you'll be subject to higher tax rate - so you'll have to figure out what strategy works best for you.

I’m new to private money lending, so while I understand the concepts in principle, I’m still figuring out how to identify and connect with these investors in practice.To clarify, I’m targeting 6+ unit multifamily properties, and private money is a way to scale my expertise from smaller properties into larger ones.