I don't need to add another unnecessary layer when I could just invest in some passive approach that is much easier to manage.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

Our approach enabled Carol to focus on executing the project without financial constraints.

This brings me to now, I've taken this approach and have used my own money in lending, but am also bringing in friends and family to take part in these transactions so they can earn way better returns than with CD's.

This approach can create a sustainable retirement income while preserving your retirement accounts for long-term growth.This post does not create a CPA-Client relationship.

I have seen schemes like that and they are demeaning.This course teaches you how to approach real estate investors, offer them financing for their ventures and then find that financing. 

Cost segregation utilizes the MACRS approach.

Thank you for your thoughtful feedback—it’s clear that I need to clarify the distinction between my approach and the traditional perception of “cheap rent.”

Flipping works well if you’ve got solid contractor connections, while rentals (like single-family homes) can be great with a BRRRR approach.