Inflation has finally caught up to us all.  

It also comes as a free bonus with the Momentum 2025 Summit, which starts in February.

basically if anyone has any tips when it comes to researching plots of land in order to make the right purchase i would greatly appreciate it get with a realtor. we underwrite land at no more than 10% of after built value. in our market we build under the average new build value which is about 515k. we like to be around 420-450k and smaller footprint about 1500 sq ft with attached garages. we build close to urban core where everyone wants to live and net migrations match up. but suburban is fine. if you give more context I can help but in most markets land is a buyers market. most people aren't looking at it or buying it. 

What is the level of damage?

I have some upcoming repairs needed that outweigh the Homestead Exemption and plan to make my primary home a long term rental in the next 7 years but the repairs can’t wait.  

And here's a tip...When you think you are all done; stay in your new STR for 24-48 hours and keep a list of each thing that you were reaching for that wasn't there. 

Don't set up an LLC at all. 

I am a voice of common sense and help them come up with the best way to manage STRs.

If you are successful, you should have profits to pour back into the next project.

Unfortunately, he got behind on property taxes and was struggling to keep up with maintenance, so the place was in rough shape.