These loans are short-term as you mentioned, typically 12 months, so you'll need to refinance before that balloon comes due.

This type of short-term loan can provide the funds needed to renovate the property.

Making a well-rounded decision can lead to long-term success in real estate investment.

This motivation lead me and a business partner to start Raise the Standard Property Management.

That was short lived!

In my opinion this will not lead to long term success - if that is of any interest to you focus on saving up enough to purchase your primary residence.

Now my main issue is I need a fire detection system in a enclosed back porch that leads up to all three floors, but I don't know what's the minimum I would need to be compliant or that the fire marshall is suggesting what he wants or recommends.

Also, watch out for any litigation or construction issues that could lead to HOA fee increases down the road.Alternatively, you could consider a good deal on a single-family home or a 2-4 unit property.

My buyer funnel has never been more full, without me doing any aggressive lead gen.

Start by leveraging what you already have—consider tapping into equity through a HELOC, house hacking again with an FHA loan, or increasing cash flow by converting a unit to a short-term rental.