Then the war and things got pretty dicy in that market values dropped a ton in certain areas for sure. 

There are a ton of investors with huge portfolios in Detroit.If you’re looking to invest in your backyard, it helps to network with as many local investors as you can.

Much slower than utilizing a HELOC, but I’m not trying to build an empire and just have a passive income source that eventually allows me to spend my time where I find meaningful.

If you’re going to be doing land deals, consider opening a business checking account; it’ll keep your personal and investment expenses separate, which can help a ton when tax season rolls around.

., laundry facilities, pet fees).Fixed Expenses: Include mortgage payments, property taxes, insurance, and property management fees.Variable Expenses: Include repairs, maintenance, utilities, and any unexpected costs.Capital Expenditures: Set aside a portion for future big-ticket items (e.g., roof replacement, appliance upgrades) as a reserve.3.

They did not anticipate these being able to be utilized for STR owners.Have you utilized this strategy as an STR investor?

Significantly different than the minimal taxes saved most people think, as this is a strategy they currently aren’t utilizing. 

Are utilities included?

I’d love to get creative with marketing without spending a ton, whether through social media, local community groups, or any other cost-effective avenues.

I have a nice hi-rise condo unit and I get tons of companies asking if I do MTRs for Visiting Nurses, Tech Professionals, etc.My place is positioned near a number of large DC Metro Hospitals, but since covid work-from-home and recent lift of Eviction Moritorium, I have had few people with jobs, but a ton of people recently evicted looking to rent my place.The one viable group - visiting nurses has been excluded because my HOA will not allow short or mid-term rentals (anything less than one year is a No-No).They claim too many transient tenants cause excessive wear and tear on the property and too many people using resources like the gym, or pool or common areas.I think that's a lot of horse waste!