Thank you for this post I copied it and sent it to my office to save on drop box.Myself I grew up in the land business as my Dad was in the land business starting in the mid 60s and I started in 75..

Takes time and money, but the savings are exponential.

The depreciating asset is already factored into my investment strategy.It will take me a little while to save up enough money to get something, so I have some time to figure out what I want to do.

As a result when the brokerage acts as the listing and selling brokerage  it saves both home sellers and buyers money.

The other thing to note is most times Pref equity is pretty save assuming a 10-20% market correction but in 2021-2023 we saw a 30% correction meaning pref equity in deal specific deals were underwater without any options.

You should keep saving, get pre-approved so you know where you stand, and start working with an investor-friendly agent to show you homes so you get some reps in.

When you first approach the homeowners about helping them out of their property, you'll want to let them know that you aren't going to save their mortgage you're just trying to give them a clean escape from having that defaulted mortgage on their credit.

With new units I will save water and remove the larger older tanks.Installing Power Flush by Glacier Bay from Home Depot at $139 each, They have less chance of getting clogged.

Unfortunately, I couldn't purchase it this year but I just need to keep saving, analyzing deals and at some point I will be able to purchase it. 

LTR is stable, slow, and risk is low but potentially not as much cash (right away).Comes down to what goals you have and your risk threshhold - I have friends in CO springs who do STR and MTR, and works out great - but also have folks who LTR in that area and it pays for them self and it a great way to save money in places like taxes and build equity.