HEY BIGGER POCKETS FAM HOPE ALL IS WELL SENDING LOVE AND PROSPERITY THIS HOLIDAY SEASON TO EVERYONE !

This is why seasoned investors run a "stress test" when evaluating their investments.

Educate the land owner on the potential profit run the numbers and go over the basic proxy and blue prints.Make sure you have a seasoned and qualified Builder/GC because they can be a deal killer with wasted time and inflated material and extended completion dates.

@Austin TessMany lenders have a seasoning period (typically 6-12 months) before you can refinance.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

At times and during certain seasons cleaners may make more than the manager, but we also put a lot of time into the property that needs to be compensative for as well.

It is very seasonal but does very well in Summer and there are a lot of STR friendly towns.I have considered it however my current goal focuses more on a multi season rental and I am also more familiar with the non beach towns.

The husband had a good paying job that had a slow season where he would collect unemployment a few months per year.

The issue I see with your $500 allowance is that in some seasons they will definitely be seeing a big cost.

From my understanding since it’s a rental property I could use this against my income during tax season.