-Rentals are very labile - some rent in less than a week for more than expected, others take two months or more despite being listed for less than they were previously rented for two years ago-There is no cash flow in A or B for new purchases unless you want to put down 30% or more, or find a unicorn deal.

It’s a nice place and I hope to rent it out weekly from time to time to help cover the mortgage ($1,850/mo w/ taxes, etc.)I just found out from a personal conversation with the owner that a Lake House down the road will be going for sale and I was given the option to buy it off market.

No one can explain how this happened and it was recently surveyed 3 weeks ago with the measurements in the attached picture.

My goal has been to own 5 rental properties within ten years and we are at 3 in six years.

If you push hard you can fill a vacancy weeks sooner than if you do everything yourself and don't advertise until the place is vacant and prepped again. 3.

Thank you KC, These are excellent points that I'll be weighing over the next weeks as I make my final decision.

I’m committing 8 hours or so a week right now to learning about strategies and markets, and excited to network with others in the real estate business as well!

Closing on first STR next week. 

I recorded a podcast last week with Dave Meyers and Henry Washington of Bigger Pockets.

So your contractor will need money to buy materials and pay his guys for like 2 - 3 weeks so you can start unlocking the rehab money.