Market research is very important but nothing is more valuable than just taking action. 

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

@Mike Lambert recently posted about how a guest thought the hide-a-bed couch he has wasn't comfortable so it is important to choose one that is great to sit on.

What works for a beachfront bungalow won’t necessarily work for a downtown loft.Your design and amenity choices should be tailored to your: 👉🏾 Property👉🏾 Location👉🏾 And—most importantly—your ideal guest.So, who is your ideal guest?

Yep- location is important.

Fix-and-flip is an exciting area, and being flexible is important in this changing market.

So it does appear to be possible to get an FHA 203k loan for a 5-unit & convert to a 4-unit.When possible, aim for the Limited (aka Streamline) 203k loan, as it's less complex, not required to get an FHA consultant, etc.Of course, this is based of the two following important assumptions:1)  zoning allows for this2)  and obviously I owner occupy for at least 12 months3)  the total purchase price + renovations are within the FHA loan limits specific to my areaWhat I'm confused about is the timeline or chronological order of the process? 

Good luck with the team-building :) that is the most important phase, without which, growth and scalability will be hard to achieve!

Pulling $110K in equity from a property you originally bought for $108K is a huge win—and a perfect example of why long-term investing pays off.Your reflection on remembering where it all started is so important.

The important thing is to get prequalified to see what the details of your future loan would be.