If you're looking to invest your hard-earned money, I'd also encourage you to actually drive through the areas designated as the STR zone.

Like all businesses, laundromats have problems and require time, effort, and money.

What would be considered the easiest program for small hard money lenders to use to track loans and history and sending out 1098 's?

Or maybe a liquor store, which may seem innocent, but could bring in a different crowd.In terms of "when to sell," it's all about what you plan on doing with the money.

When you have a duplex and tenants on both sides stay for ten years, it almost guarantees that something isn't right.I would study your market and determine the value of your rental, because I bet you are losing money every month.

This could save you money in the long run, but requires a bigger initial investment.To help you decide, consider these:What's your current budget?

Obviously, two factors are responsible for what will likely be more than doubling our money in 3 years.  1.

Trust me; you don't want to miss those crucial dates and risk losing money or even blowing the whole deal.

Hard money is a great financing program to get you going.

Final Thoughts: If the deal is really solid, raising the money will be the easy part—capital always flows to good opportunities.