But with a co-living setup, renting out each bedroom separately at $850 per room could generate $4,250+ per month—a 70% increase in rental income. 

Purchase price: $85,000 Cash invested: $60,000 My initial strategy for this deal was to flip it and sell it, but the market was unfavorable so I opted for the BRRRR strtategy instead.

Early this year in 2025, we've had a few rental renewals where initially the tenant said "we aren't renewing," but ultimately have come back saying "they'll renew." 

C) This is not a real estate holding but a generational investment in our family memories.  

There's always that initial stress that they will sign up on time for the first recurring payment, but I've ultimately never had an issue.

I've been reading books on the subject (Small and Might Real estate investor) and listening to the BP podcasts for a few months now, and I was initially very excited about finding a multi-family property to start out, in order to maximize my leverage against an FHA loan.

Always hard money lenders at the meetups and normally some wholesalers as well.Just remember your best deals are probably not from wholesalers, but the deals you generate yourself. 

Wherever you took your broker's class you should have ample study materials.If you are talking about your real estate agent's license in NJ (that is not a broker's license), you need to take the initial class at an accredited agency and they will give you all of the materials after you finish the 75 hours for the test. 

@Tom Dieringer After purchasing my first property in 2024, I acquired most of my short-term rental (STR) knowledge from The Short Term Shop, which included maintaining respectful communication with guests, keeping calendar availability up-to-date, and ensuring high-quality listings.When I initially began May of 2024, I opted to list my property exclusively on a single Online Travel Agency (OTA) - Vrbo.

In my experience one of my biggest lessons learned when dealing with older properties always expect more than you initially thought.