However, labor/material overruns and market shifts can quickly eat into that.💡 To increase profitability:Lock in material costs earlyGet multiple bids on subcontractor workPre-sell if possible to reduce holding time3️⃣ Future Financing StrategyOnce you have a successful spec build under your belt, you can start negotiating better financing terms with banks:✔ Higher LTV (e.g., 80-85% instead of 70%) so you bring less cash upfront✔ Lower interest rates (~6-7% is more competitive for repeat builders)✔ A revolving credit line or builder LOC instead of project-based financingThis first deal is all about proving execution.

Its insane how cheap you guys can build in some of these markets..

HUGE time saver.Individual property accounting - keep track of how profitable (or not) each individual property (or unit) is.App for tenants - so they can look at their balance, make payments, report maintenance issues.Rental applications and tenant screening - Accept online rental applications and then run credit, criminal, eviction checks on them easily.Market your vacancies - getting a vacant unit filled with a good tenant as quick as possible is critical, and good software will help you market those vacancies. 

Hi Collin,After managing hundreds of properties, I always keep an eye on short-term rental trends, especially in key markets like the Smokies.

In my market - new build duplexes dont cash flow well but are typically a great 5-10 year investment. 

Depending on the market, you might be able to finance a property in the $150K to $200K range with 15 to 20 percent down.

Off market and the new the owner used an agent so I reached out to the agent and made an offer How did you finance this deal?

You can add them but If you just go with what is active on furnished finder you will be right in the market range for the monthly rent and should cover the utilities + some.

It is hard to really keep up with those kinds of trends unless I budget 10k a year in updating the property which I am not going to do.I participate in our local council/mayor meetings.

would you still create the single LLCs in OH (the state where the flip is in) or open one in my state of residence and JV with the local LLC ?