Creating a consistent theme for the entire house… farmhouseNew drywall and paint interior and exteriorFixing the bamboo hardwood floorsChanging out the light fixtures interior and exteriorPainting and restoring the bathroom vanities Tile paint for the bathroom floors and showersLandscapingChanging out the toilets to eco friendly ones Adding a nest thermostatSealing and patching parts of the roof Drywalling and painting the garage Adding new appliances Staging What was the outcome?

However, a common theme I hear when I ask them how they got into this business - they didn't know enough to be really risk averse. 

This will go too really unique/niche listings like treehouses in a national forest. 

Hey Dom,I think for a deal like this, the basics are obviously nothing too crazy, but obviously the trust makes it pretty unique.

And buy better quality real estate not just ITM trash assets.Do you notice the common theme-- it's buying real estate, how you get the capital is indifferent.

Save for Your First InvestmentCommon Pitfalls to Avoid:Don't rush into deals without proper due diligence.Avoid over-leveraging or taking on too much debt.Be cautious of "get rich quick" schemes; successful real estate investing takes time.Don't neglect legal and regulatory considerations.Remember, everyone's journey is unique, and there's no one-size-fits-all approach.

If you want to enter that STR market you will need a lot of amenities and theme to keep up so furnishing costs could run 100k with modifications to support getting closer to the top in a tough market if it's not one that someone else was running.In terms of the cash, it gives you leverage on the buy, but I don't think you will like what you see on rates with a DSCR for STR if you only have 3-6 months of activity.

Keep in mind that you'll have unique issues with it that WILL have to be addressed at some point if they haven't already...

As an aspiring real estate investor with a background in financial marketing and mortgage insurance, I bring a unique blend of skills to the table.

Our area is not unique, this is a nationwide issue (opportunity) for accounting firms.In the end I think many would be well served to think of their CPA/EA as they do an attorney - while they can also help provide planning advice to better structure your tax life and save some money, a portion of the cost is just a cost of doing business - you are required to be compliant by the Feds / states / etc, and the CPA/EA is insurance to ensure you get it right and stay out of their way.