Stay patient, keep learning, and leverage this community for support.

First, obviously leverage is the MVP, but this isn't my first interneting, I know controversial titles get more attention.Second, I’m a recent convert to Pocketarianism.

Instead, you leverage your queen: your credit.

It’s refreshing to see someone leveraging both traditional methods and community engagement... it’s a solid mix.

To leverage the STR loophole, ensure active participation in managing the property.

For something more robust, tools like Excel or online calculators from financial planning sites might better suit your needs.Your ROI Formula:ROI = (Net Cash Flow ÷ Total Out-of-Pocket Investment) × 100For your scenario:Net Cash Flow = Annual Rental Income - (Mortgage Payment + 401k Loan Payment + Other Expenses)Total Out-of-Pocket Investment = $40,000 cash + $50,000 loan payments over 5 years.I came across a piece in Bloomberg recently discussing creative financing, and they touched on ROI calculations for multiple loans.Personal anecdote: A buddy of mine leveraged a 401k loan for a fourplex.

The plan is to put the rentals in SCH E of our joint return and file with TurboTax-We live in Florida-Leases under my wife's name, Airbnb app under my name, dedicated bank account for all rentals activity in the name of both-We have umbrella policy for liability protection for the rentals-We leverage some contractors (for example cleaning lady for the Airbnbs or lawn maintenance guy) that we pay >$600 for their services in a year and they are not our employees.

Having a strong understanding of your "walk away" price (maximum you're willing to pay) gives you leverage and prevents emotional decisions. 

Just trying to see if I can use this to leverage my deal in any way. 

It might also be worth exploring creative financing to leverage that quarter million into even bigger opportunities.