Out of curiosity, are you currently focusing more on expanding your short-term rental portfolio or on working with clients to grow theirs?

I only ask because the main purpose of an LLC is legal protection, and if you don't have a large amount of assets to protect, say less than $1M...you may be putting the cart before the house, and it may make more sense for you to focus more on finding and closing more deals.

Also, focus on the ones in the worst shape.

I would have to imagine folks who are competent enough to represent this type of value-add are typically focusing on larger opportunities than small to mid-size SFR portfolios.  

Makes sense to focus here for an asymmetrical upside. 

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

For every good matching comp at a high price theres 16 poor priced matching comps that the appraisers only focus on.

While we didn’t need significant updates, our team focused on cleaning, staging, and marketing to highlight the home's features.

If you focus on a fixer upper you can renovate in 6 months and refinance on the ARV.You only need to be at a 85% LTV to refinance and its not hard to build 15% equity in a property in this market enviroment. 

However, if you're more focused on the equity for additional investments without selling, borrowing against the equity could be a great strategy.