I am not really in a position to purchase my first property just yet, but I am getting all my financials in order and saving up to hopefully buy something next year.

I am interested in starting with short term rentals to reach financial freedom and flexibility.

This won't solve for auction properties though, right?

I wasnt aware of the business plan part but was told it was a requirement if i had no record of business financials (newly formed corp)   Do you have a sample copy of a business plan for lenders?

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

So, if you assess yourself you might find your interest is financials and you want to be a financial guy dealing with accounting and finance or maybe you want to be hands-on in some way.

This is also gonna depend on how strong the buyer is financially if its even possible for them to pay the difference.If you get multiple offers on a sale in the future and the price goes over asking, make sure the offer includes some type of language waiving a portion or all of the appraisal gap.If you tried to fight the appraisal already and didn't get anywhere, you don't really have much recourse.

You can solve it earlier now.Considerations: I am not a lawyer.

My goal is to create cash flow and gain financial independence to where I can leave my full-time job.

If they are in a challenging financial position, I might offer to assist with moving costs.