Also, if you form an LLC to hold the property, you will need a designated agent(attorney) in that state. 

You can find question mark icons next to every calculation inside our software - hover over those icons to see the exact formulas used for that specific metric.There is also a built-in glossary page in our app that lists the calculation formulas and explanations of all real estate metrics we calculate.We don't use "magic" formulas or publish "unsupported" claims.

Design 6.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Since I'm taking such a cash hit, I asked the sellers agent if they would be able to designate some portion of the sale price ($200k?)

Then you'll need to find land, acquire it, find a spec home buyer and set up meetings to design plans or buy a set online with mods.

What I can also tell you is that as an owner in NY, the landlord laws are very much designed to protect a tenant as opposed to here in Detroit where the laws are designed more fairly to protect both the tenant and the landlord.

A major part of the success or failure of an STR investment is the design, furnishing and management plan.

You can stack your personal 50%s up for separate ventures while still knocking out deals without your own capital2) Read Raising Private Capital by Matt Faircloth3) One LLC with the S Corp designation to pay yourself a reasonable salary from the flip profits.

Airbnb dynamic pricing has ruined the whole industry.Airbnb's dynamic pricing isn't designed to get YOU a booking.