Quote from @Dan Zambrano: Hey all,After thinking it over I decided to create a new thread.I am a small time passive real estate investor who has ambitions to expand greatly, first to $20M and perhaps maybe more. i guess I will give a little bit of background on my journey up to now.I am 38 y/o, Electrical Engineer by day, Architectural enthusiast by night.

I live about an hour outside of Cleveland, Ohio and the quality of life where I live vs the city of Cleveland is night and day.

Check their nightly rate, occupancy and amenities.That will give you a pretty good idea of need and profitability.

Had I hired a professional, it would have been done in a month and the extra five months of rent income would have paid for the contractor, saving me six months of nights and weekends.

@Gregory GadsonHi, I attended the Renatus 2 hour seminar in North CA last night.

However:Strategic Tax Planning: Work with a CPA who specializes in real estate to maximize deductions like depreciation, interest, and operating costs.Higher Rents for Premium Properties: Some investors offset the tax by focusing on properties in high-demand areas (downtown Greenville or near universities, for example) where they can charge a premium rent.Short-Term Rentals (STRs): Consider STRs like Airbnb, where higher nightly rates can make the numbers work better than long-term rentals.

So since may I reached an occupancy about 70%, but the daily rate is as low as 50usd/night.

It would be a shame if the offending neighbors got woken up at night by loud music coming from speakers held under their floor.

They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.

Build yourself a Google business page, make yourself easily bookable on Airbnb (did you know that 25% of nights booked on Airbnb are for 30 day stays and more?