I'm interested in how others structure their ALFs.2) I'm thinking of going with an SBA 504 loan to acquire the property and do the remodeling.

Gradually scale by researching high-growth markets, partnering with experienced investors, and exploring financing options like SBA loans.

At first blush it looks like you're finance at $500k, so getting a loan for $375k.

What are your Loan terms and P/I relative to the cashflow after taxes?

I use a loan servicer who processes the borrowers payment and then sends to me.

Its a tiny loan for any institution.You'll have to get hard bids from a local GC, but maybe $110/ft?

Im trained enough myself at this point in QBO, but my bookeeper still does the more complex entries (Loans, capital balances, reconciliation, etc) I just do the data entries for expenses. 

Hi Treza,Not sure where you are in the process there, but when your ready to exercise financing options please reach out, it's very difficult to find a ground up program for inexperienced borrowers without having an experienced GC sign on the loan with you which in turn is not easy to find. 

However those with no to very limited experience will never get a fix and flip loan  from a bank. 4.

However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.