It depends on what the terms of your mortgage are.Pros-with no mortgage, you have higher cash flow.Cons-if you plan on buying more properties, you are better off saving the money for a down payment for your next place.The big questions are: can you get higher than 7% return if you invest that money elsewhere? 

I have my own "go to" plumber and electrician as backups when/if something doesn't go as planned with his crew.

My realtor provided me with three names of folks he has worked with which is helpful.I spoke with the first one (who is a mortgage broker so not tied to one particular bank) and he said I would need to put 25% down on a vacation/2nd home, or at least 20%.

I am planning to make the purchase with a Black Friday sale!

For the experienced cohosts in the group, I’d love to get your thoughts on payment processing options for cohosting companies (LLCs) that position themselves as property management companies but operate without a broker’s license.As an investor and soon-to-be STR entrepreneur, my business will initially focus on managing a small portfolio of vacation rentals with plans to scale. 

Plans to were announced last month to invest $2B into the cities airport in anticipation of the population/business travel growth. 

It requires careful planning and diligent execution.

Currently have it rented and plan to hold on to it.

What’s the plan for your new rental?

The wholesaler created new terms with the tenants and the wholesaler plans to hold it so that the new loan gets seasoned, before selling the note.I opted not to get involved and have started my knowledge building into private lending.