I told the manager I've managed a portfolio of short-term rentals and that my previous landlord allowed me to do it and loved that it created an incentive for me to take exceptional care of the property.

You can also create a basic scope of work and get ballpark estimates from contractors or use cost-per-square-foot averages for your area.To determine ARV, look at recently sold comparable properties in the area that are similar in size, style, and condition to what your property will be post-renovation.

It allows for a period of adjustment during down periods and takes advantage of the market's upward trajectory.By projecting returns, considering a solid five-year window, timing the market strategically, and analyzing historical patterns, I've been able to make profitable investments and build lasting wealth.Let me share with you the strategies on creating generational wealth that have worked for me and can work for you, too.Long-Term Mindset.

And therefore competition among tenants can create significant challenges, like...Businesses may struggle to establish a unique presence and loyal customer base, and a lack of profitability due to nearby competition will likely lead to higher tenant turnover.

@Christine AledamIf you create a California LLC, the $800 cost is a tax deductible expense. 

This is a follow up post to one I created yesterday regarding a DSCR loan.  

What I can say is that in any business, it can take years or decades to create and nurture a client relationship.

Slowly build out a repeatable process...if you continue to change things (as in different types of properties, different levels of renovation, different finish material, different neighborhoods, etc.) you create more variables and make it harder to solve to the problem.I am a math guy and less unknowns/variables you have the easier the problem will be to solve. 

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.

They also tend to stick with locals to create more affordable housing by locals for locals.