-If your first STR continues to underperform or face seasonal challenges, it may stretch your finances too thin.

This is my first major rehab and I'm trying to be creative about stretching my budget.

It seems a stretch to pay for the Rig with Section 179.I would have development equipment onboard and dedicate a portion of the space to developmentI could put the companies logo on the side as advertisementGiven this, what tax strategies are actually practical?

Hello 👋 I’m so happy to join this forum, heard a lot about it on BP podcasts, I’m new to real estate and would love to connect with you all, share valuable information and insights and also grow together. Let’s have fun 

Am I stretching this too much by adding these operating costs?

Look, if you are looking for a bank with "no foreign wire fees" thats quite a stretch and I'd advise tossing that idea out as it will keep you on the sidelines. 

If I were in your shoes, I’d look at the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) to stretch your liquidity while building equity and cash flow.

If that is a stretch as to your qualifications, I would not recommend this as it would with relative quickness go to the attorneys to move forward with drafting, inspections, title search, etc.

A relative who does long-distance real estate investing told me that I have to sign the final loan document and the transfer of ownership document in person.

Opting for mid-grade materials will help stretch your budget.Structural/Mechanical: If the home needs a roof, HVAC, plumbing, or electrical work, that can take a big bite out of your $50k fast.