Hi BP Community,I’m a multifamily investor based in NJ, transitioning from smaller multifamily units to 6+ unit properties.

I remember studying your business model early on through your posts and early podcast episodes.

Use the magnifying glass to find blogs, podcasts, and forum discussions on just about any real estate topic.💬 Ask in the right forum – If you’re looking for financial advice, head over to the Finance, Tax, and Legal forum.

Just recently listened to a podcast on mid-term rentals specifically for traveling nurses but could also include corporate professionals or large-scale construction project workers.

They seemed good, and looks like they have prior experience managing the building I’m buying (based off the leases that were submitted to me) but way to expensive to what I’m use to … $137 - $184 per door (over 10%) and then $750 per door for the maintenance reserve. 

They want to pay based on what you're actually making.But I also believe that the square footage of the cabin plays a big part too.

Having owned property in rockford its not a great appreciation area so getting a HELOC will probably take 5-10 years based on loan pay down and maybe some slight appreciation.

I agree with finding quality comparable properties and basing your income off these.If there aren't any, why is that?

But today, my husband and I live comfortably, and we’ve traveled to 20 countries over the past few years.I’ve been listening to BiggerPockets since 2013 and was even featured on the Rookie podcast.

Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:A triplex in MaineA single-family rental in San AntonioA single-family primary residence in Las Cruces, NM, which will become a rental when we move in a few monthsFor context, I'm an active-duty Army officer with about 12 years left until retirement, and my wife works for a university in Boston.