Be sure to utilize tools of the trade for the best information.

Each are great strategies to access capital and each has its pros/cons for utilizing the strategy in the best way.

This protects against potential claims and liabilities specific to the rental.For tax purposes, maintain clear records of rental-related income and expenses, allowing deductions for insurance, utilities, maintenance, and depreciation proportionate to the rental unit.

It is going to take me longer to recoup that money than if I had a property here.The big thing with California is that you have to utilize what the state offers.

Unlike conventional loans that typically require a 12 month seasoning period, DSCR loans have no such requirement, making it much easier for investors to scale their portfolios.I’ve included an article below that outlines how DSCR loans can be utilized in BRRRR strategies.Also, I noticed you’re based in Florida, I’m in Tampa.

They’re built for heavy use and have faster drying times—usually 30–45 minutes—without needing major electrical changes.If you’re up for a bigger investment, adding extra stackable units in the garage could be a great long-term fix, though it’ll mean some electrical work and setting up proper ventilation.I’d probably go for the commercial upgrade in your current space first—it’s quicker and might solve the bottleneck right away.

The tenants pay all utilities including sewer and garbage. 

This property is gonna cash flow over $1000 a month after we're all said and done with utilities mortgage and more.

Heloc’s are best utilized with a short term strategy, ie flx and flip, to BRRRR, etc.

Tenant handles all utilities and lawncare.