I just bought my first STR and hopefully closing in February.

It may be a tough pill to swallow if you feel you’re totally right, but you may be surprised at the LEGAL opinion rendered by counsel.  

I would say any rehab project would need to be fairly close to me.

An LLC is useful for two things: anonymity and legal protection.

Quote from @Account Closed: For someone rebuilding their real estate business and looking to transition into larger multifamily deals, what’s the most effective way to position yourself as a valuable partner in syndications—especially when capital is limited but market knowledge, deal-finding ability, and local expertise are strengths?

Know your close date and time line to turn the EM.

You could get at max 70k from that deal (minus closing costs).

I’m looking to access some of the equity in the home to buy out my ex-partner, and my goal is to either convert the house into a multifamily property or add a dwelling unit (ADU).I’d love to hear any advice from the community on the best way to approach this, particularly in terms of financing options, legal considerations, or any similar projects you've completed.

I am sure a Thumbtack PM works great when something legal goes down lol.

Do they require payment on site or do they give you a certain number of days to close the transaction?