Your conservative approach to estimating income provides a solid buffer, and the strategic location adds a layer of security.

Maturana, and I am the founder of RAPT Hospitality, a craft catering and event management company serving New York City, Miami, and Amsterdam.As I delve deeper into the real estate world, I’m eager to explore various investment strategies, including house hacking, the BRRRR method, rental properties, creative hospitality ventures, triple net investments, vacation rentals, syndications, and joint ventures.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I can have separate bank accounts, debit cards, security deposit accounts etc. and now with new features like automatic recurring transfers things are even easier and time efficient 

Playing the long game, it's not for those chasing rainbows, definently for the LT planned methodical focus. 

My biggest hurdle has been securing financing to work on multiple projects simultaneously.  

Instead of increasing rent, I would look at having the security deposit increased to protect against wear and tear.

In order to secure the property, we had to offer 10K over asking with the hope it wouldn't appraise.

not to mention also they become zombie notes collateral will deteriorate pretty quickly if they are not winterized and secured ( which takes time and money)

@Noah SchulzThe previous owners' failure to disclose a back-paying arrangement complicates the situation, potentially leading to tenant disputes or security deposit concerns.