@Fiona Layne-GerminBeginner-friendly strategies for building long-term wealth include house hacking, buy and hold rentals, BRRRR Method, real estate syndicatations, rent-by-the-room strategy, short-term or mid-term rentals, and partnering with experienced investors.

We tore down half the home and saved 400 sqft, turned into a tiny home short term rental.

This question is one that has been asked and answered like a billion times, but the search on here isn't the greatest.The short version is - unless you have cash to buy or are getting a DSCR loan or buying a commercial property, you aren't starting an LLC to put this in.

Assuming you don’t meet the 500 hour test, you will likely need to document the time of others spent working on your property.In addition, you need to have guests at your property as well.Until you are 100% sure you can utilize the short term rental loophole, I’d wait to do the cost segregation study.

Or there are short term rentable properties here as well.

For example, hotels or short-term rental properties like Airbnb often generate more income than traditional apartments, especially if the location supports it.Entitlements and Approvals: Check whether your project fits within the land’s current zoning (by-right uses) or if it will require variances or rezoning.

Short term gains using it equals long term cost.

Do 100-200 per week for short while, and do them on a 4 week cycle.

I've lived through rehabs, flips, short sales and made lots of money on buying and selling real estate.

So far the return looks good but I guess it is for long term investment not for short term.