I’ve seen seasoned investors mismanage funds just as I’ve seen newer investors deliver solid returns by being disciplined, transparent, and data-driven.Rather than focusing solely on experience, I’d argue that the real minimum requirements are:1.

Some of the costs quoted shock even seasoned flippers as they are lower than even material are in many markets. 

-Recurring and Seasonal Maintenance Tracker -Finding a Market-Analyzing a Market-Property Closing Checklist-Underwriting and Analysis Worksheet-Due Diligence Checklist -Buy Box Checklist There is no reason to recreate the wheel.

Educate the land owner on the potential profit run the numbers and go over the basic proxy and blue prints.Make sure you have a seasoned and qualified Builder/GC because they can be a deal killer with wasted time and inflated material and extended completion dates.

HEY BIGGER POCKETS FAM HOPE ALL IS WELL SENDING LOVE AND PROSPERITY THIS HOLIDAY SEASON TO EVERYONE !

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

From my understanding since it’s a rental property I could use this against my income during tax season.

It is very seasonal but does very well in Summer and there are a lot of STR friendly towns.I have considered it however my current goal focuses more on a multi season rental and I am also more familiar with the non beach towns.

@Austin TessMany lenders have a seasoning period (typically 6-12 months) before you can refinance.

Luckily Airbnb roommates are much better because they are gone a lot and you can take breaks / just rent in high seasons, etc.