Please keep answers short and simple thank you

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

Whether you’re a mortgage broker, real estate broker, or running a private lending shop, what software and processes have been game-changers for you?

The fact that you evaluated whether to sell or do a cash-out refi shows you’re playing a long game and keeping your options open.

I have rented out this home short term before and have been successful but I don't have any experience with 12 month leases.  

I'd focus on deciding what you want to do (flip-high risk, but potentially high return...or large loss; short term rental-more work, but higher return than long term rental; long term rental-less work than the other two, but lower return).Once you've decided which you want to do, then focus on getting the best house to meet your goal. 

In a very short time you will be able to see a very nice prportfolio building.Best of luck on your road ahead.

You can be proud of what you have achieved in a short amount of time, this is really impressive!

And do you think you're the only game in town?

For example, are you looking for coaching for large multifamily, storage facilities, short-term rentals, mobile home parks, how to scale a single-family portfolio, or any other specific real estate strategy?