However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out. 

And I suppose the likelihood of us getting more STRs in the area is directly tied to how good/bad our experience with this one is!  

If you sweat for a living, there is good money to be made.My Skeptical Take:I’ll do a 2025 prediction post in the coming weeks, but for now, I’ll just say that all signs are pointing in the ☝️ direction.

@Levi Perl Since your single-member LLC (SMLLC) is a disregarded entity, all rental income or losses are reported directly on your personal tax return rather than at the LLC level.

I got a notice in the mail about the tenant's gas and electric being late again, Im assuming they paid that bill instead of paying me because rent is now 18 days late.

I come across SFR in other states from time to time direct to seller. 

That's only one idea, but I'm learning other ways to leverage OPM.Again thank you -- that definitely helped point me a bit more into the right direction!

DM me, and I’ll point you in the right direction!

•Many STR investors are in the $300,000–$500,000 range, so homes closer to $600,000–$700,000 may face less direct competition but will require higher nightly rates to be profitable.

View report*This link comes directly from our calculators, based on information input by the member who posted.