The Orlando-Kissimmee area is an excellent starting point due to strong rental demand driven by tourism, job growth, and a central location.

I have an excellent credit score of over 800 and am looking for advice on what mortgage rates I should expect for a 25-year or 30-year loan.Additionally, I'd appreciate any insights on the benefits of opting for a commercial loan versus a personal loan for this type of property.Thanks in advance for your help!

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.

There are quite a few syndicators who have been around longer than five years and have excellent track records.

It's a lot of work to find those sellers and if its a sweet deal, most of the brokers will keep them for themselves or a close relationship. 3. 

You’ll learn about tenant relationships, property management, and the overall real estate process, which will be invaluable as you grow your investment portfolio.Market Research: Since you’re in Long Island, do some research on the local rental market.

.- Networking: Build relationships with real estate agents, rehabbers, and other investors to source potential borrowers.Best of luck with your new venture!

But to the excellent point above, for liability you should definitely go higher and it's usually not too much more expensive.

However, another rent-by-the-room company called HomeRoom does an excellent job souring and managing tenants.

To overcome this, you can focus on building strong relationships with potential investors by attending networking events and sharing your track record.