Expect various delays and try to account for them as much as you can.

Conte,If your not happy with the current cash flow and want to avoid the 12 month delay sell now and 1031 into 1-2 more REI's.

This can minimize potential liability or tax issues later on.Bank Accounts for Each LLC: While using a single business account may be convenient initially, opening separate bank accounts for each LLC might be necessary as you expand to maintain a clear distinction between each entity’s finances.

Most will tell you STRs are a lot of work and I won't disagree with that if you don't know what you are doing.I will say though, we have been able to put together some rock-solid systems and processes to streamline that to minimize the work and maximize the returns.My business partner and I are actually writing a chapter in a new book that is coming out this year about unique stays.

Short-term sacrifices and delaying gratification will bring you abundance later in life.Definitely take advantage of your first-time home buying benefits and consider house hacking a duplex or 4-plex.

The foundational items, roofing, HVAC, plumbing and electrical were newer and needed very minimal replacing and updating.

You should call ADOR Land Division and ask why the delay.

.,  where I can see this for sure is with agents on BIG teams that are beginning their carrier they get cash flow ( IE they get paid I suspect from you weekly or monthly out of the retainer).... ya I can see this.and as you said your blue color FHA buyer with minimal cash savings is probably not your target.. but sophisticated number crunchers..

Similar to what's included in this post but comes preloaded with costs and requires only minimal measuring.  

I try to be respectful of the tenant's schedule, but I also try to minimize the unit's downtime.