You can't go off of the cost estimate on permits and even beyond that, design, site work and a number of other factors will play a significant role in costs.

This certainly isn’t designed to be all-encompassing but maybe with some good luck and hard work you will have a great partner for years to come.

For example, if every lake cabin within 20 miles of yours listed on Airbnb seems super rustic and dated and "northwoodsy" (for lack of a better term), is there an opportunity for you to skew more modern in your STR design/style to help capture bookings with guests who are looking for that kind of aesthetic?

Lucky enough to belong to an incredible network in Denver (CO) but as we add operations, properties and an arm of our design business down here I am itching to join something similar!

Hoping to design and start cluster home buildout in 2025 Lessons learned?

The company that I've hired to do my direct mail does that very similar method with an envelope close to that size with a customized design on it.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

Here are my options as I see them.1) Build up a separate capex reserve fundI have about 13k in savings and 25k in Roth IRA funds which I can withdraw tax free as a backup, but maybe I should build up a separate capex account since I don't have a designated one.2) Purchase another 2-4 familyI could use my 25k Roth funds as down payment on a 5th property that cash flows around $500/month and look to do a BRRRR.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

It is easy to get distracted, but where you focus the most attention will get results. 5) It sounds like you want to live a life by design.