Purchase price: $115,000 Cash invested: $1,170 Sale price: $199,900 Contributors: Peter Vekselman Partner Driven, alongside partners Julie Muse and Cody, purchased a home on Stowers Road, W Dawsonville, GA, for $115,000 on 08/24/2018.

You might want to look into a coaching program you can do with/alongside your parents (not sure how much real estate investing experience they have). 

Everything seemed good until the township requested proof of a recent septic system pump-out.I contacted a septic company, and they recommended doing an STR inspection alongside the pumping.

Here are a couple of software options that I think might be a good fit alongside those third-party services: BrytSoftware: This user-friendly platform streamlines tasks like loan payments, statements, and communication with automated workflows.

For us it varies by market but in our primary market 15% plus a small monthly fee to help cover software costs etc if it's a lower gross property.That's full service, host doesn't have to worry about anything and can forget the property even exists if they want to.We do have tiered services where it's 10% (w/ no or lower monthly fee) if the owner wants us to only do one side of it (either manage bookings but not guests/cleanings/maintenance, or vice versa).25-30% used to be more normal but that's legacy pricing now, for a couple of reasons.1) Of course margins are much thinner for owners now that revenue has generally come down across the board from the peak, while home prices and interest rates have risen alongside that.2) Probably even more important, a simple supply/demand equation, particular to the case of increased supply. 

Either become an expert in the niche/market you want to invest in or invest passively alongside an experienced investor (syndications/funds).

Looking forward to forging valuable connections and learning alongside each one of you.

Purchase price: $195,000 Cash invested: $27,200 Sale price: $259,000 Contributors: Peter Vekselman Partner Driven, alongside our partner Seth Choate, acquired a property on Mount Vernon Dr #D in Modesto, CA, for $195,000 on 4/29/2022.

Purchase price: $185,000 Cash invested: $500 Sale price: $234,000 Contributors: Peter Vekselman Partner Driven, alongside our partner Graham Lyster, successfully completed a deal on Pala Mesa Drive in Kingman, AZ.

With a better understanding of your budget, you can make more informed decisions to ensure you are putting the money towards things that will not only keep your properties running, but to also increase the value of your properties.Financial Plans for the Future: Having a cost segregation study performed and using it as a planning tool allows you to have a roadmap for the future including being able to strategically utilize other tax benefits alongside it.