Start small, ensure your numbers (purchase + rehab + holding + selling costs) leave room for profit, and build a reliable team (contractor, agent, lender).For financing, work with lenders who specialize in fix-and-flips. 

While the sector presents promising opportunities, operators must address challenges related to sustainable expansion and regulatory compliance to ensure long-term success.

Given the property is located in the Poconos and the property is vacant more regularly as an STR there are proactive measures  you should  be taking such as making sure there are heating sources so that the plumbing does not freeze and ensuring there are no blocks in the plumbing lines with routine checks.

Outside of the police report, I would just ensure all window and doors lock or functional.

They’re ideal for those building portfolios, as they don’t require extensive personal financial documentation.A key tip is to ensure the property’s cash flow comfortably exceeds the lender’s DSCR requirement (typically 1.25x or higher).

Eventually, we transitioned the unit to a long-term rental, ensuring consistent cash flow while retaining the property in our portfolio.

You can also find various contracts online, develop your own then have an attorney review it to ensure it has teeth, and is legal in your area.7.

My partner and I are the creative investors that can guarantee we will put in the sweat equity to ensure a successful relationship. 

To keep these approvals valid, developments should secure public investment to support housing affordability and ensure that at least 50% of the units are affordable.

We negotiated the purchase price at $77,000, ensuring there was enough margin for a profitable resale.