Yes I think estimating 5% would be a good start and then once you know the school district you can get a better idea of what to expect.

This can lead to consistent limit increases every quarter, which opens up even more opportunities for growth.Having good rapport or a strong relationship with a credible accountant to help simplify and oversee this process is an amazing idea and highly recommended.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

The idea behind buying a PM business would be bypassing the scaling of the business.

Although you don't need licensing for many loans, it's probably a good idea to deal with and verify the licensing of NMLS licensed lenders.

Quote from @Matt Stull: Hello, I am fairly new to this idea and have wanted to invest in a STR.

The best thing to do is look up property taxes on county/town websites to get an idea for specific properties.

Your idea of investing in a condo at Palms Place or Trump properties could be lucrative if you focus on leveraging the high demand for vacation stays.

https://www.biggerpockets.com/forums/521/topics/1218823-chic...

The idea is to re-fi in a single transaction, which, I assume, will have benefits over three separate transactions.