Initially I really wanted to do a STR down in North Padre Texas (as it is a place I have vacationed for years and have stayed in at least 8-10 of the STR in the exact complex im looking into, I see how my STR could stand out amongst the rest since Im huge fisherman down there and that is mainly what those STR are used as, already have boat rental option setup if I go this route, list of fishing and possible guides to go with depending on style of fishing, family, fun, hardcore wade fisherman etc etc and equipment rental available for those that do not have.), the places im looking at are decent $ properties that after running through calculators etc showing 18-22% CoC after management fees etc.But after listening to BP for about a month, now thinking BRRRR possibly and doing up here in the DFW area.

The northland MAREI meeting and the main monthly meeting at MAREI have a minimal fee, or for $99 a year you can attend all of them for no extra charge - northland is in person, the main meeting is still online, both are great ways to connect and learn. 

80% LTC is standard on ground-up construction, if they are using an experienced builder, have decent credit & the after-build value is sufficient, it should be a fairly straight-forward loan.The main problem I see with non-experienced builders trying to build is lack of funds, they will need 20% of project cost + Closing Costs + 6 months reserves.

Though, my main goal is to be break-even or close to it in cash flow once a property manager steps in to take over. 

We call the 5-8 units the "dead zone", mainly because most commercial lenders won't lift a finger if the loan is under $1mil.

We have learned so much, the main thing is that your architect matters a ton.

I also have $50K in a taxable brokerage account and another $20K in an HSA which will continue to grow.The main part of my portfolio I have been working to grow is my real estate portfolio.

I will be based out of Aston and will be trying to focus mainly on the Delaware County area to start my career.

What’s your main focus, or what are you hoping to get out of your journey here?

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.