**Additional Tips:**- Ensure you have a solid exit strategy, whether you decide to hold or flip.

You can also write it off as a business expense and there could be additional tax benefits for energy efficient home improvements.  

Make sure to research local rates for cohosting and management services to stay competitive.If you're doing this as a side gig or part-time job, it’s essential to time block, create systems, set expectations with property owners, and establish boundaries to ensure a smooth experience for everyone involved.We opted not to pursue rental arbitrage for two key reasons: dealing with landlords and the significant upfront costs to set up and run a profitable STR without the benefit of property ownership.

If that strategy works, then it’s $99 a month and they also have some add-ons to make the process more efficient. 

Hiring a good property management company who's on top of things, or ensuring you or someone else you hire put aside additional time for property inspections on a more consistent basis.

Look for high-demand amenities in successful rentals and ensure the numbers make sense for profitability.

Even though they are the expert, you still need to ensure they fit you well.

This includes hiring an inspector to check for structural problems, arranging for a pest inspection, and getting a professional appraisal to ensure the property's value matches the bank's asking price.

. 🎉 I’m still finalizing things with my lender, but before I move forward, I want to be 100% sure I’m covering all the key steps.Here’s the checklist I’ve put together so far:Home inspection – to catch any hidden issues.Appraisal – to confirm the property’s value matches the offer.Financing contingency – securing my loan approval without surprises.Title search – ensuring there are no liens or legal issues.Seller disclosures – reviewing any known problems upfront.Neighborhood research – making sure the area fits my investment goals.Are there any crucial steps I’m missing or anything you think I should focus on more?

Negotiations focused on maximizing value while keeping the acquisition within budget, ensuring a profitable flip opportunity.