This provides an excellent opportunity to purchase properties, make light renovations to increase both rental income and property value, and optimize cash flow.

I'm not sure I can copy and paste my Excel spreadsheet, so i will approximate the numbers here.Strategy:Take a Home Equity Loan (second) on our primary @ 5%.Pay off existing HELOC (variable, at 7.5% now), use remainder ($120k) to buy the land (plus 30k of our own cash).

I’m looking to manage a few short-term rentals in the area and would love to hear from experienced hosts or managers about what it takes to excel in this space.Here are a few questions I’d love to get your thoughts on:What skills or qualities make a great property manager?

Would like to become more savvy in the multi units properties realm separate from some of my commercial properties tenants who have excelled in that type real estate.   

If they have excellent credit, great job history, great references and you met them and got a good feel. 

His staff was equally welcoming, and my business partner and I signed up for his in-person workshops for 2025—it was an excellent deal.

Don't solely rely on third-party management companies; instead, focus on building a solid asset management plan and, if needed, bring in experts or partners who excel in this field.

Brandon Turner's Rental Property Investing book is an excellent primer to understanding the happy path for purchasing a property - however in this market it really comes down to having bulletproof assumptions on rents/taxes/R&M/etc. as with rates as high as they are/inventory as low as it is, there is less cushion in your returns if you analyze properties with bad assumptions.

You could put in a range of numbers for purchase price and closing costs, renovation expenses, and expected returns and you could very quickly get a range of projected return on investments (although an excel spreadsheet could easily do this as well), but I'm sure as technology develops we will see even more sophistication in AI's ability to assist in deal analyzing.

Here is the thread I started a few months back detailing my experience with Growth Equity Group, Brett Immel, and their cronies.https://www.biggerpockets.com/...Subsequently, I've had dozens of investors come to me directly, many of them having phone conversations with me, stating how they lost most or all of their retirement funds.