During the renovation, I faced several challenges due to the home’s age and hidden damages, including ruptured plumbing, termite infestation, rotted wood, and lack of insulation.

So unless you want to wait a seasoning period that may take between 6 and 24 months, depending on the bank, the most you’d be able to get the loan for on this property would be $168,000.  

I actually have some friends that use Stessa or other tools to do the lease signing, etc. because that is what they are used to, but choose to do rent collection and all of their transaction management in Baselane because it is so user friendly and really prepares you for reporting and tax season.

Aim high, and have a great holiday season, brother!

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.

Soon after the start of the new year of 2022 and when tax season started getting busy, their quality of communication and response time start to degraded extremely bad. 

Again, if you feel like selling it you'll be in a good position to do so in the upcoming months(Spring-Summer season).

I could see fully comping 1-2 nights at low season rates, particularly if one doesn't have a lot of reviews yet, but would you, as an established host with tons of reviews, comp a full week or more of a prime season stay? 

Seems like a good option is STR during peak season and MTR in other times of year.

Let's connect be great to have a seasoned agent up in Memphis!