@Kenzer Hodgson For your STR, an umbrella policy can provide liability coverage, but an LLC offers additional asset protection by separating your personal and business assets, which can be valuable in case of lawsuits or audits.

This is regardless of having any debt service.  

additional challenges are the inventory shortage and good contractors being extremely busy. 

Second, I'd connect with some local hosts in your area also in addition to Airdna.

Accessory Dwelling Units (ADUs) are an increasingly popular way to generate additional rental income on an existing property.

What if you're a cardiologist with no debt and making $250,000 annually?

if it is a BRRRR you'd pay the seller off when you refinanced into long term debt, either conventional or DSCR.i don't know anything about the location, market, etc. but if it needs a 40K rehab, you need to push the purchase price even lower than 140K, or it will not work as a BRRRR. 

Its more like 98/2 with an additional 5% saying they do stuff so they can get a piece of someone else's hard work while they have not done anything and live in their mom's basement.All that said there is value well over the cost for those who apply themselves to deriving the value. 

Great use of space and provides additional income to offset the monthly payment.Orlando, and many other cities, have a "missing middle" problem in regards to housing. 

There was no debt on the land and she lost the house so I swapped her the land and she kept the house free and clear..