If you have an Airbnb in DC, Maryland, or Northern Virginia (NOVA) or want to, I'd ask you provide feedback to the City of Alexandria regarding their proposed regulations.Regulations: https://www.alexandriava.gov/site...

Over the past several years it has seem there have been more and more options.

I believe in putting in the work—1,000 hours of research, testing, and learning—before offering advice, and I’m excited to tap into the collective wisdom of this community to refine my approach.Here’s where my head is at: I’m considering strategies like short-term rentals (Airbnb) for higher cash flow, long-term rentals for steady income, or even creative options like house hacking or partnerships to stretch the funds further.

When my loan was not going to close, it was one of the options that my broker and lender told me about and actually referred me to for a conversation.

Your best option may be to increase the rent to cover the additional expense.

It would be a tight budget but I do have money set aside for repairs.

Your best option would be to refinance your loan (if any) and get a construction loan for the improvements.

I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

.: Quote from @Stepan Hedz: Phoenix, AZ, offers a young myriad of options for real estate investors, particularly in the distressed sectors.

The LLC is a partnership between myself and another friend who's also an investor.