I had quite a bit of money saved up from years of traveling and not really paying any rent as I was staying in hotels and accommodations paid for by my tours.

The cost of changing a light bulb is quite a bit more when you factor in travel time to get across town, vehicle cost, a qualified person on payroll with benefits, overhead cost for the office to deploy that person.

Note - DSCR lenders can vary quite a bit when it comes to their underwriting/qualification/overall friendliness towards STRs so make sure you are aware of the differences

.- Dave You probably already did or didn't invest in a coffee farm by this time but investing in agriculture of many types is quite big here.

It’s a market that’s been growing steadily, and I’ve learned quite a bit about the pros and cons of investing in new builds versus existing properties.

Also it is the value of these improvements that is owed not the cost which can be quite subjective.

Didn't read, but I am quite sure you said no to showing up and having a real conversation.

Hey @Deborah Lee There are quite a few property management systems out there.

Hi everyone,I'm exploring the possibility of investing in the Indianapolis area.I was thinking of focusing more on the Bates Hendricks / Fountain Square area, and I noticed that most of the houses in the area are quite old.What do you consider to be "too old" of a house in this market?

He is probably drawing up a Quit Claim Deed, which is usually a 1-page document.  95% of what is in a Quit Claim is copy / paste so it shouldn't take that long.