If you would like to show your tax returns or w2s then I can put you in a conventional loan because we are a conventional lender also.

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

We increased the rent slightly after the first 24 month lease and were able to recently increase the rent when the first tenant moved out.Lessons learned?

You are in the right place to learn and network.

I’m a new STR owner and still learning.

., rentals, flips, or house hacking] and eager to build a portfolio that leads to financial freedom.Currently, I’m learning, networking, and analyzing deals to take my first steps.Questions for You:What’s the best advice for a beginner?

Britt,My firm has evaluated some smaller properties (under $500k) in the past for cost segregation, and it generally does not cost justify moving forward, since the benefits are small, and typically the tax liability on the income is minimal if any.

He didn't learn Sub-To and other tricks until he was more experienced, and he had the money to pour into it and absorb mistakes.

Hard to give good advice without more info, but since You are single no kids it's hard to beat buying a single family fixer upper and living in it for two years and then selling for tax free profits....I'm a big fan of Waltham these days $.02 

Wholesaling can be a great way to learn a market and build capital, but holding rentals can provide steady cash flow and equity growth over time—especially in markets like Detroit, where entry prices are lower and rents are solid relative to costs.If you’d like to learn more about navigating Detroit, feel free to reach out—I’m happy to share some resources or insights from my experience.Best of luck in whichever direction you choose!