That weekly meeting is a good way to get the team in the same head space. 

Seriously—most owners who ask about this have beautiful, well-designed spaces and high hopes that someone else will love and appreciate it, too.But here’s the thing: when it comes to long-term rentals, “partially furnished” often creates more problems than value—for both you and your tenant.Here's why:🔹 We can't screen for taste.Your future tenant might be responsible and respectful—but that doesn't mean they love the mid-century console table or know how to care for a vintage rug.🔹 Sentimental value is risky.If that piece of art or that armchair carries personal meaning, you're setting yourself up for disappointment.

Once you’ve got around $100K in liquid funds—and you’re no longer relying on family support—it’ll make a lot more sense to step into real estateIt’s not that I’m against you going into this space.

My partner and I also have significant experience between the two of us as builders (myself building restaurants and him doing SFR and MF), so open to deals in that space as well. 

The cash flow looks ok, but again if this tenant leaves, are you able to fill in the space quickly?

Would love to hear others’ perspectives.I can only speak of the commercial mortgage marketIn the last year two simultaneous issues1- interest rates for good borrowers/property in the commercial space went from 4-5% to 7-9%.This of course meant all those deals purchased at 5-6 cap would be running negative cash flow after debt service at same pricing.  

I have been building my portfolio over in Lansing in the mid term rental space.

Homeowners earning $158,000 or less may qualify, making ADU construction more achievable.How the CalHFA Grant HelpsCovers Upfront Costs• Site prep, ADU design, and permits• Eases early-stage financial pressureMore Control for Homeowners• No rental restrictions, you choose your tenants• Full ownership stays with youThis grant brings ADU construction within reach for many homeowners looking to create extra space or generate rental income.

But a 1031 exchange allows you to delay those taxes by reinvesting proceeds from the sale into another “like-kind” property.Here’s what you need to know:The deferment isn’t permanent You have 45 days after the sale to formally identify potential replacement propertiesYou must close on the new property within 180 days of the initial saleThe relinquished property and the replacement property must be held for investment or use in your businessThe replacement property must be of equal or greater value than the one soldA 1031 exchange may be the right choice if:You plan to upgrade to multiple or large properties (instead of losing a chunk of your profit to taxes, you reinvest the full amount from the sale to boost buying power.)You want to diversify assets (1031 rules give flexibility within real estate – e.g. exchange an apartment building for a commercial space, raw land for a development site, etc.)Having a better understanding of bonus depreciation and 1031 exchanges can help you make a more informed decision when it comes to your investments.What are your experiences with these two tools?

There are around ten total insurers in the STR space, and all of the brokerage firms are representing one or more of these insurers.