This requires an independent appraisal valuing the property at $400k and proper documentation from the seller confirming the $200k donation.Ensure the church is a qualified 501(c)(3) entity, and consult your tax professional to comply with IRS rules.

Our main goal is to ensure we’re properly protected.Additionally, should we allow pets in our STR?

Review what happened and determine why each item was above or below your expectations so that you can properly plan for next year.Review your prior year goals.Did you buy all of the properties you set out to purchase?

Do my 3 associates need to create a LLC to be able to do these renovations or can any individual do them, as long as proper permits are pulled? 

Have heard from a neighbor who is still in touch with the landlord that he is talking about buying a sailboat and sailing around the world... not sure if he is serious about this or not but suggests to me a desire to move on from current lifestyle.4.

there is a proper in Shasta lake that we might look into to getting as a BRRRR but I need to do some more analysis on it. 

@Kody SmithDepending or your time, lifestyle, goals, and time to exit, the Reno, NV market is worth looking at.

To scale successfully you have to get past the point where your newly increased expenditures exceed your increased revenue; past the point where your ROI allows you to “break even” on your investment, and past the point where the ROI is worth the increased risk, the increased aggravation, time, and “lifestyle” change, and past the point where you can step back from “operations” and concentrate on management.  

I’d like to add that it’s also landlord-friendly—licensing is not required and there aren’t any rent control laws in the state.Likewise, both Greg and Eric have already spoken at length about Montgomery, but I want to draw your attention to a few other under-the-radar markets in the state that also have the potential to cash flow well.The places I had in mind include suburbs outside of Huntsville proper, like Decatur and Hartselle.

Place these footings strategically after you have jacked the house up to proper level.