Purchase price: $320,000 Currently have a long term renter, the rent pays the mortgage and other expenses but provides no cash flow.

@Matt SchreiberI bought my one and only short-term rental (STR) in North Myrtle Beach in February 2024.

He's changing the terms of the agreement, and you can choose to accept it or reject it.I don't think it's fair to pass this cost onto the tenant just because you are unwilling to stand up to the contractor.

@Ryan Bono I don't know the LR RE market at all, but would this be the style of property that would interest you: https://www.realtor.com/realestateandhomes-detail/218-W-13th...?

Looking for guidance on the best way to proceed going forward in terms of asset protection and how to structure all of this real estate… 

I would have asked you what your long-term goal is but you have already thought about it.

You are still exiting with a refinance and thus the terms wouldn't change on the exit whether you are buying in cash and then refinancing versus doing a construction loan and then refinancing.

The first 4 are real magazines but do not feature his name or any of the important key terms in any of their articles.

I’m hoping that once I do have enough saved I can buy the second property and continue house hacking.Something like this: https://www.realtor.com/realestateandhomes-detail/2574-W-Fai...? 

Visit with people there and you'll get a more detailed look at things from people actively working in the areas.