Here’s some guidance to help with your next steps:Hard Money Loan: Hard money lenders can often cover both the purchase price and some rehab costs (up to 70-75% of the after-repair value or ARV).

We even did a mid-year check in meeting in person but felt like he did not provide us any guidance.

It is a separate legal entity.

I am assuming short-term rentals would be legal in the municipality.

With the internet, there aren't really do overs -- most websites have other websites that grab (legally or illegally) information . . . it is pretty impossible to make anything disappear once you put it online.

You’ll need to treat it like a business—handling tenant management, accounting, legal compliance, property maintenance, and more.That said, when done correctly, it’s a powerful tool for building wealth!

How does that work when you are not yet the legal owner of the property?

In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

You're taking a great first step by joining this group and seeking guidance.

Quote from @Ricky Reddin: Hello,This is my first post on the forum and trying to get some guidance on a situation.