Second thing would be to work with a contractor, this is great stuff to do since you know building a house, building material costs, and knowledge of right and wrong what to do. 

Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

It’s smart that you’re looking into multifamily options, it can really help offset your living expenses while building long-term wealth.When analyzing deals, some key things to focus on are rental comps, vacancy rates, and property management costs.

If any costs go up, developer eats it.

And they execute their investment strategy/model (develop, resell, hold, etc.) effectively to generate a return and/or equity and make a living.

@Yamil NafRaising $160,000 for your short-term rental (STR) venture is a great goal, and there are several ways to structure the deal to minimize your upfront costs while attracting investors.

My last transaction is up ~$1M above costs. 

Stessa is not perfect but I like the capability, love the %5 interest rate on my associate account and have found the support honest and effective.  

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

However, opponents argue that privatization could disrupt mortgage affordability, increase borrowing costs, and reduce accessibility to financing for first-time homebuyers and small-scale investors.How Privatization Could Impact Real Estate InvestorsIf Fannie Mae and Freddie Mac transition to private entities, several key changes could affect real estate investors, particularly those relying on conventional financing.