If you buy in a market that does not yet have rules on STRs, they will someday and you don't know what direction they will go.

Hire a contractor or GC with clear terms for execution and completion.Secure financing early, whether through cash, private lenders, or hard money loans, ensuring reserves are included for unexpected expenses.

Besides directly contacting the employer, this is now the only way I feel comfortable verifying income—especially since pay stubs and bank statements are frequently being altered these days.

One option to try is to identify the hospitals that are close to your property and try to reach out directly to their HR departments.

My friend stepped in, struck a deal, and got the property at a fantastic price.Targeting Heirs Directly: Probate attorneys are great, but another angle is reaching out to heirs directly.

A lot of private lenders will use their white label program to appear as a direct lender, however it is just another loan broker.

@Erik EstradaThe crazy part was that when I had spoken with the Self Directed IRA custodian, Equity Trust Company, they had given me a list of lenders clients had previously used.

You want to be working directly with the handyman, not the "GC" who is delegating and not doing any of the work.

However, it seems risky to own a property that you would barely break even on each month in the case of an unexpected emergency.

Everyone has a number and this number can be directly related to were you live I find.