Bad news does not become good by refusing to answer it.So let’s start with this: are you targeting owner occupied buildings? 

I would sign up for BiggerPockets' STR-centered newsletter, BiggerStays, as well to stay up to date on all STR news and tips.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Ask for documentation that justifies these alterations.It's essential to feel confident and informed throughout the lending process, so don't hesitate to advocate for yourself and seek out advice or alternative options.

There were at least 4 maybe 5 individuals on Dave’s team that handled numerous things like; getting any necessary info from me and the title company, providing my account statement (proof of funds) for the sellers of my replacement, working with ERG for the exchange documents I needed to sign for both closings, and getting the 45-day form filled out and sent back to ERG.

Those reasons are perfectly outline my personaAfter researches I’d realized that the best place to do real estate in a scale is in USA 🇺🇲My intention is to do the BRRRR method and to be expert in that and with other financial creative strategies Continuing to document my experiences, lessons, and insights, hoping that it helps others like me, I invite you to follow, share with me your insights, and come on let’s connect!

They should document the condition heavily before moving tenants in.

These documents are harder to manipulate than a P&L or QuickBooks summary.

If you are working with an investor-friendly CPA, I would ask what you need to document to make it easy to write off the expenses.

Fantastic news for high-income earners......if not for strings attached.