For me I use; 2nd lien on target property or cross collateral property deed of trustJV agreementPromissory NotePersonal GuaranteeMay be over kill, but I am fine with it.Also if you ever foreclose on a property that has enough equity to cover your loan I assume the 1st lien gets paid and then the rest would go to the 2nd position or is that not correct?

We identified key areas for improvement and implemented targeted upgrades that enhanced the property's appeal.

Also, you must familiarize yourself with local laws and regulations regarding STRs to avoid purchasing in areas that are not STR-friendly, which could save you from legal headaches and poor investment choices.Another critical strategy is staging your home to appeal to your target guests.

It might be different if others were involved.Consider an umbrella insurance policy instead of the web of LLCs and corps.

Does anyone have any thoughts or ideas on the BUILDERS and cities/subdivisions that I could target?

I often feel the cities are unfairly targeting investor, requiring repairs that are not required of the general public.

If the target client is a healthcare worker who makes 100K+ per year and is staying a few months they will want a certain type of area, whereas a person only staying a weekend wants to be near their "event" and is more forgiving on other things.

Despite needing updates, the property presented an excellent opportunity to add value through targeted renovations.

I’ve already considered investing in multi-family homes but their business model and content seemed almost too good to be true.And I believe I’d be well-positioned to do this on my own if I were in one of the markets the Flip System targets, but what really caught my attention was the leverage they offer — network of contractors, etc.

I have just 2 doors and targeting to have 5 this year.