It’s great to see another agent specializing in investment properties here, especially someone with a deep understanding of the Washington market.

Invoices go into the CC account the same as they would in the AP account and are attributed to the vendor who issues them.  

As part of his investment of capital into scaling, he hired a marketing firm specializing in SEO, SEM, social media, direct email, etc.  

Refi after construction.These numbers consider only the portion of costs of the HEL attributable to the land purchase, not the payoff of the HELOC (which we took out to buy the Seaside condo).Cash In:                     $66,166 (Cash, 1 year of debt service of HEL, debt service of const. loan, furnishing)Amount Financed:      $548,000 (home equity loan + construction loan + closing costs)Total Cost of build:     $614,166ARV:                               $850,000 (or rather "after construction value")Refi                                $637,500 (75% of value + closing costs)                                        Cash Out                       $89,500New payment             $4500/month (54,000/year)Estimated Cash Flow (pre-tax numbers, so actual mileage may vary)airBNB year 1:            $70,000     (net income $16,000)airBNB year 2:            $100,000   (net income $46,000)airBNB year3+:           $120,000   (net income $66,000)ROI (construction year):    0ROI Year 1 of STR:              24.2% ROI Year 2 of STR:              69.5% ROI Year 3+ of STR:            99.7% Did I calculate these ROI numbers right? 

@Hansen TongI recommend finding an accountant that specializes in real estate taxation.

I special purpose equipment setup. 

I’ve built relationships with brokers who specialize in Harlem, and one of them brought this off-market deal to my attention.

Bigger Pockets is a great place to find a tax accountant that specializes in real estate taxation. 

@Kana Watanabe HI Kana,  I work with a company who specializes in ADU's.  

Professional PMs use specialized tools to verify income directly with a tenant’s bank or payroll service, ensuring legitimacy.