Quote from @Jeremy Torres: there’s a 4 plex for sale in my area for $386k I’m wondering if that’s a good price?

I've also heard good things about Iroquois and Shawnee Park as the next up and coming areas from people on here and the Louisville subreddit but take that with a grain of salt.

I was wondering if there were any lease generation tools or how to go about creating a custom lease.  

There are a lot of very knowledgeable people here willing to help.  

It is very simple and cheaper to set up the LLC in NJ vs NY ($50 vs $200 when going on the state website) what is still an open question is I also need an operating agreement for the LLC once set up, wondering if that is also free as part of just getting the LLC set up on the state website or if I need to use a lawyer or a legalzoom type of service to do that.

Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!

Surrounding yourself with a team brings some risk, but the risk is on your ability to judge people and processes. 

Also, I've always wondered why arbitragers don't negotiate an option to buy upfront?

Wondering how I can trade my expertise + experience for income - Building small cost-effective market-based tenant focus groups?

We are already partnering on multiple properties so this is part of a larger plan, I just was wondering if there were other ways to think about the proportion of cash to equity.