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Jensen & Co have a solid reputation for working with investors like us.Don't foget to update any necessary disclosures and think about getting landlord insurance if that's not already on your radar.By the way, if you're ever curious about expanding your investments beyond Oregon, I've been helping investors tap into markets like Phoenix and Austin; some exciting opportunities out there.

But if the market for large STRs is thin, the basement might not add substantial value.Selling: Selling could free up cash for other investments with better returns, especially if you’re uncomfortable with the low ROI and management required for STR.It’s a tough call, but if STR potential is there, it might be worth a trial period to see actual cash flow before committing fully to the basement investment.

Below is my understanding but recommend confirming all of this with an attorney.Lease Terms and Updates: In Wisconsin, you can add clauses to the lease that spell out cleanliness expectations or even include a cleaning service if needed.

There is nothing that says you can't be under contract to sell within or before your 45 day identification period even begins.

If I do go the FHA route and live in the property, would I be able to cash out refinance the property after the “seasoning” period and pull out my equity after the rehab and tenants are in place?

I have had several Colorado LLCs (single member LLCS with one single family residential rental per LLC, so very small-time) for a decade, and always file my periodic report so am in good standing with the Colorado Secretary of State, but have only just heard that I need to file a BOI report before the end of the year.

I find many of those residents tend to stay for long periods of time because it is so difficult to find properties that will accept their voucher.

If I switch up again, I'll loop back to this thread and update y'all!

I added value to the deal by strategically investing $15,000 in targeted renovations, including modernizing the decor and enhancing the property’s appeal with stylish finishes and functional updates.