Lots of good equity you built and can get out of this and into a cash flowing market (like KC :) ) or do it again in your home state!

My partner was on the acquisitions side of things, so he is extremely knowledgable in novations and creative ways to get the property under contract and I still have an extensive list of buyers, I have built very good relationships with from when I was doing dispositions.I am open to any thoughts on the best way to start and I am open to networking with any one to hear how you got started and what you would do differently now that you have more experience under your belt!

Piggybacking off of #3, you will receive favorable scheduling and complete your projects quicker.If you are wondering if you have adequate site cleaning built into your construction budgets ask yourself these questions: 1.

Look up top STR markets in US, look up "how to grow my real estate portfolio", look up "best markets in US for the BRRRR", start calling agents in markets, contractors, lenders, start feeling out who is a right fit for your team.I've built networks in two different markets and I can tell you ppl come and go and some start well and then slack, there's lots of trial and error because ppl are good on the phone.So you see there's so much going into this goal of yours. 

You can focus on properties that have strong rental potential to generate steady cash flow, helping you pay down the mortgages over time.Once you’ve established a solid cash flow and built equity, you can scale by adding more properties gradually.

Then you have to think about 401(k) and IRA savings, which longer-term once your balance is built up, you can use a self-directed approach whereby you can use the funds tax-free to invest in rentals, private loans, etc... 

We also were able to take over the property with 20% of equity built into the deal, and it is newly renovated.

I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split

It doesn’t have as many pre-built search filters as PropStream, but it’s excellent for quickly adding and managing leads on the go.Invelo and Property Radar are good for more niche searches like probate, inheritance, and deceased properties, especially if you’re trying to dive deep into public records.I’d suggest trying out a couple of free trials to see which interface and data best fits your specific strategy.

This market is literally built for STR and yes, there are thousands of units and yes, it is very competative.