My first STR, purchased in 2005, was negative cash flow for 4 years.

Is this purchase on the MLS or through a turnkey company? 

If you need any further information, feel free to shoot a DM!

I see that we have responded to each of your emails sent from our support team, but please keep an eye out in your inbox as I will be reaching out to you individually to help with any further information.

I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system.

Quote from @Kristin Vegas: Hi bp. is it possible to do a HELOC on a house I purchased 6 months ago?

You might be somewhere in the 85% of purchase range without an exception. 

Quote from @Abhijit Roy choudhury: Financial Crime enforcement Network, requires reporting of Beneficial Ownership Information filing by 01/01/2025.Does this apply to us, Rental LLC owners.

You’ve received some great responses full of valuable information, but I believe you may be missing the BEST market.  

That means an 800K purchase and a 200K rehab (1 million invested) can result in a 400K tax credit that results in 360K CASH back in the pocket of the investor.