Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

Quote from @Wesley Peixoto: Quote from @Henry Clark: What type of businesses did you do before.  

In one of my markets assessments are performed every 3 years, and the cost of 3rd party appeals will cost 30% of 1 year savings. 

If I sell the property for 130K, after assciated closing costs, I will basically break even.

Same principles apply - being busy will create opportunity. 

Very few non-owner occupied property policies guarantee full replacement cost - they typically provide replacement cost up to the dwelling limit purchased. 

If you don’t have a clear understanding of your cash flow, operating costs, and future expenses, you could be setting yourself up for financial stress down the road.The Power of Financial ClarityYou can’t make smart decisions without knowing the full picture of your finances.

I knew I wanted to develop an empire, scale my business, and achieve 100,000 units.

In Spring Branch, new homes with modern amenities come with lower maintenance costs, but might have tough competition and higher initial expenses.

I'm happy to share some tips about purchasing an STR in a different state.I joined Stayly Academy, which helped me secure a lease property under my business name and utilize it for short-term rentals.