Regular tenants may have more of a support system when they have bad financial luck.

You'll get lots of these, some with very enticing financial offers.

Recognize there are challenges doing BRRRRs since the rate increases that have occurred in the last couple years

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

How will the partnership cash flow cover the HELOC payments if interest rates increase?

Quote from @Paul Azad: Quote from @Geri Randall: BUYER BEWARE: Goodegg distributions "paused"Goodegg has stopped distributions on the offering I bought a couple of years ago, called Congaree Villas, and has not been forthcoming with revised financial projections that explain why it has done so--even though it says the property is still cash flow positive and has adequate reserves.

Prioritize your financial stability.

As they see their money is safe and you're succeeding with your plans, they'll usually ask to increase the amount of money they loan to you.

Here's my take on the decision:First, let’s look at the pros and cons of paying off your current short-term rental (STR):Paying Off Your STRPros:-You Eliminates your largest fixed expense (the mortgage), which increases your cash flow significantly.

So, after one year you netted $35,000 for your efforts while the property owner netted $40,000 in rent plus $150,000 increase in value.