Quote from @Premraj Jeyaprakash: I'm exploring potential opportunities in short-term rentals (STR) in West Virginia, with a particular focus on glamping.

@Jason MalabuteWe recorded a podcast with Ivan about six months ago, and although he may have used bridge financing in a couple deals, the way he's scaled his company and the fact that he is vertically integrated gives me the feeling that thesis going to be in this business for the long term, and focuses heavily on operations.Here's a link to his show --> https://jakeandgino.com/real-estate-wisdom-lessons-from-ivan...Gino

Tough environment to focus on studies. 

And if your investor friend’s private loan helps fill in any gaps, it might be worth considering that short-term pain for long-term stability.What do you think you’d focus on first... paying off that line of credit as fast as possible or jumpstarting the renovation to boost cash flow right away? 

Financial advisors focus on what they now best.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Some investors focus on a target profit instead of strict percentages.As for hard money, it does reduce profit, but it allows you to scale faster and keep your cash for other deals.

As mentioned above do not focus on this number, at all. 

One thing that stands out is that they all have specialized and focus on a niche. 

Focus on covering your costs and saving, and you’ll be ready for your next move in no time.