Hi everyone,I’m looking for some guidance on improving the performance of our short-term rental, and I’d really appreciate your insights.

I also don't want to show any type of distrust towards her as I feel that she is a valuable asset (if she is what she says she is). 

Thank you for your guidance.

Every other mistake I made was valuable and part of the journey.  

While maybe not the cheapest deal, that person emphasized the learning experience as valuable in getting into a network of lenders, contractors, agents, etc.

Learning is great and having guidance can expedite and often saves unnecessary heartache. 

A hybrid approach purchasing a few more properties with 20% down while paying off existing loans, might give you the best of both worlds.Let me know if you need any further guidance on running numbers or fine-tuning your strategy.Best,Drago Drago,Thanks for your perspective and taking the time to reach out.

I just used cash to build my first 3 specs no loans at all.. once done and sold then I went to lima got one loan from them.. then went to local bank ( much much cheaper) and got a 3 mil  guidance line and went on to build 30 or so in charleston.. you have to prove the model.. its not like buying a rental where lenders look strongly at your fico  fico is required but not the main consideration like and investor loan and all you need is 20% down or 30% down and a few bucks in reserve that wont fly with spec loans..

We've started looking into real estate because we want to use our valuable time to invest in our kids as they grow and invest in our local community through volunteering, not spending all of our time working 9-5 for the next 20 years.Our goal with Bigger Pockets for this year is to determine our plan for investing, and then make our first purchase.

By adopting the house-hacking method—living in one unit while renting out the others—we plan for the tenants to cover the mortgage and gain valuable property management experience.