So we all donated our time and we each put in the original seed money .

Here's a bit of background:I have over ten years of experience in real estate.I've bought and sold hundreds of properties in the past two years.I have six performing rental properties and aim to expand this to 50 by the end of the year.

In the meantime, maybe look into refinancing options for the short-term rentals to access some equity, especially if they’re performing well.

They cost $800k+ though but well worth it when want investment that actually performs profitably.

If you liked the working on houses repeat and rent out the original house (and learn if you like being a landlord).

These have been very grounding.I don't want this feed to turn into a chain of the same type of comments so I'll bring attention to what matters the most - two quotes from my original post.Thanks again all:)

Location analysis is crucial, considering demographics, retail market performance, and traffic counts.

Originally posted by @Tom Carmody:I’m newer to investing and came across a condo for sale in Florida which apparently is a “condo-hotel.”

While you shouldn’t categorize all tenants and it’s the landlords responsibility to properly screen, the tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property which combined will result in less time allocated towards management functions if self-performed or more favorable management fee structures if 3rd party management companies are utilized (which ties back to #1, as well).

For DSCR, it's usually slightly higher than the conventional route due to it only looks how well the subject property rental performs + credit vs conventional where it requires credit, income, assets to be reviewed.