For instance, you can open a solo 401k retirement plan and make contributions as an employer and employee.

You just need the right plan and the right people in your corner.A little background on me—I’m a real estate broker, investor, and developer out of Rochester, NY.

The financial of property is good:      DSCR = 1.3; LTV = 45%;Both my liquidity and net worth passes Chase's test.

I do feel this was all part of their plan smh. 

There has been research done on the topic and it’s just a common theme found from analyzing financial habits of wealthy individuals.   

What action are you planning to take to get started?

It sounds like you've got a solid foundation and a great game plan, especially with your background in North Padre and passion for fishing, which could really set your STR apart.

Quote from @Rana Zaheer: Quote from @Magnus Wikström: Hi James,I'm a foreign investor with a background in the European real estate finance industry, mostly for institutional sized deals, debt & equity / JV.I was overwhelmed by arriving to the US financial landscape and the opportunity it provides.

Our reporting includes all types of financials and as much transparency as possible. 

Nor do I want to worry about why a property is taking longer than planned or your issues with contractors or building departments.