Lesson two: The Polytech area has a lot of potential but requires careful planning for the scope of work.

For instance, cities like Chicago are known for landlord-tenant laws that skew heavily in favor of tenants, and that risk should be baked into your underwriting.What’s your take on balancing short-term cash flow with long-term equity growth?

There are plenty of use cases where lenders require upfront fees.

Johnson City could be a great spot for STRs, especially if you focus on hospital staff rotations, visiting professors, or traveling professionals, which would balance out any seasonal dips in tourism.For STRs, consider targeting weekend travelers exploring the Appalachian Trail, Boone Lake, or local festivals.

Such luxury as indoor/outdoor pool, park for skateboard, tennis court, tiki bar with dance floor… of course if you need to think about the ROI and how much maintenance it takesBest ROI items are - big screen TV, hot tub, playground, PS5, BBQ…The issue is cheaper items require more maintenance.

Warranties often have limitations, like they might not cover pre-existing issues, and there could be delays if they require you to use their contractors.I'm not sure if you've purchased a warranty already, but before purchasing a warranty, it’s a good idea to carefully read the fine print to see what’s covered and if there are any exclusions.

Bank of America does this - not sure about the minimums, but if you have a good relationship with your local branch, they can waive the monthly fees until your balance grows from rental income.

No Specific Performance": Without the remedy of specific performance, you can’t require the seller to clear the title and complete the sale.

What considerations would be required to address before making a “Yay or Nay” decision to move on an out of state multifamily property.Toughts anyone? 

Gradually raising rents, exploring lease buyouts, or selling with tenants in place are balanced alternatives.